Guideline Value for SRI PANDURANGA NAGAR

Sri Panduranga Nagar guideline value

The current guideline value of Sri Panduranga Nagar is Rs 201 per sq.ft. This area is located in Perunagar village, under the Uthiramerur SRO, and is classified as Residential Class III Type - IV.

How the guideline value of Sri Panduranga Nagar has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 134 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 201 per sq.ft, marking a 50% increase overall from the 2017 revision. The change from 2023 to 2024 saw no percentage increase, as both years recorded the same value.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024, showing a consistent increase from the 2017 figure to the current value.

Guideline values in Perunagar

In Perunagar, there are 7 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 134 to Rs 600 per sq.ft, with the median being Rs 201 per sq.ft. Sri Panduranga Nagar's 2024 guideline value aligns with this median.

• Sri Ramaanchaneyar Nagar: Rs 134 per sq.ft (2024)
• Sri Balaji Nagar Phase II: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Rds Nagar: Rs 150 per sq.ft (2024)
• Mumoorthi Nagar: Rs 134 per sq.ft (2024)
• Blm World City: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Panduranga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 201 per sq.ft, the guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, totaling Rs 18,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Panduranga Nagar?

The Sub Registrar Office that covers Sri Panduranga Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Perunagar

The guideline value is a critical factor when buying or selling property in Perunagar, as it determines the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value is used to assess the official value of the property, which is essential for legal documentation.

When registering a property, the guideline value ensures that the transaction is recorded accurately, providing a basis for taxation and other legal obligations. It is advisable to check the current guideline value before proceeding with any property transactions to avoid discrepancies.

Frequently asked questions

What is the current guideline value of Sri Panduranga Nagar?

The current guideline value of Sri Panduranga Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 201 per sq.ft in 2024, reflecting a 50% increase overall. There was no change from 2023 to 2024.

What is the land classification of Sri Panduranga Nagar?

Sri Panduranga Nagar is classified as Residential Class III Type - IV, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Sri Panduranga Nagar?

For a property valued at Rs 2,01,000, the stamp duty would be Rs 14,070, and the registration fee would be Rs 4,020, totaling Rs 18,090. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Sri Panduranga Nagar?

The Uthiramerur Sub Registrar Office is responsible for property registration in Sri Panduranga Nagar, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.