Guideline Value for SRI PERUMAL NAGAR

Sri Perumal Nagar guideline value

The current guideline value of Sri Perumal Nagar, located in Arasankalani village under the Selaiyur SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Perumal Nagar has changed

The guideline value for Sri Perumal Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease of 33% to Rs 1,005 per sq.ft. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. The guideline value of Sri Perumal Nagar is below this median.

• Sri Karumariamman Koil Street: Rs 1,300 per sq.ft (2024)
• Sriharsham's Varam: Rs 2,800 per sq.ft (2024)
• Subbulakshmi Street: Rs 1,300 per sq.ft (2024)
• Sundar Nagar: Rs 1,900 per sq.ft (2024)
• Thazhambur Main Road: Rs 2,100 per sq.ft (2024)
• Thillaiyadi Valliammai Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Perumal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty is charged at 7%, which totals Rs 1,15,500, and the registration fee at 2% amounts to Rs 33,000. Together, the total cost for stamp duty and registration fee is Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Perumal Nagar?

The Sri Perumal Nagar area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Arasankalani. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure they are compliant with the local regulations during the registration process.

When registering a property, the guideline value is assessed to calculate the applicable charges. This ensures that the government receives the appropriate revenue from property transactions, based on the established values in the area.

Frequently asked questions

What is the current guideline value of Sri Perumal Nagar?

The current guideline value of Sri Perumal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the median guideline value in Arasankalani?

The median guideline value in Arasankalani is Rs 2,100 per sq.ft, with Sri Perumal Nagar's value being below this median.

What are the stamp duty rates for properties in Sri Perumal Nagar?

The stamp duty for properties in Sri Perumal Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.