Guideline Value for THIRUMURUGAN NAGAR (PER)

Thirumurugan Nagar (Per) guideline value

The current guideline value of Thirumurugan Nagar (Per) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification is Residential Class I Type - III.

How the guideline value of Thirumurugan Nagar (Per) has changed

The guideline value for Thirumurugan Nagar (Per) has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased to Rs 402 per sq.ft. However, the value increased significantly to Rs 600 per sq.ft in 2023 and further rose to Rs 661 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Thirumurugan Nagar (Per) below this median.

• Thirumoolar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirumanagaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirupozai Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumurugan Nagar (Per)

For a 1,000 sq.ft plot at the current rate of Rs 661 per sq.ft, the guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thirumurugan Nagar (Per)?

The Sub Registrar Office that covers Thirumurugan Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Peramanoor

The guideline value is crucial during property transactions in Peramanoor, as it determines the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration process will use the higher of the sale price or the guideline value to calculate stamp duty and registration fees.

This ensures that the government receives the appropriate revenue from property transactions. Buyers should be aware of the guideline value to avoid any discrepancies during registration and to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thirumurugan Nagar (Per)?

The current guideline value of Thirumurugan Nagar (Per) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent increase being from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What are the stamp duty and registration fees for property in Thirumurugan Nagar (Per)?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270, and the registration fee would be Rs 13,220, totaling Rs 59,490.

Which office should I approach for registration in Thirumurugan Nagar (Per)?

The Chengleput Joint II Sub Registrar Office is responsible for registrations in Thirumurugan Nagar (Per). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Thirumurugan Nagar (Per)?

Thirumurugan Nagar (Per) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.