Guideline Value for peninsula Nagar

peninsula Nagar guideline value

The current guideline value of peninsula Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village and falls under the Sriperumpudur SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of peninsula Nagar has changed

The guideline value for peninsula Nagar has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft, where it has remained through the 2024 revision.

Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street. The overall change from 2012 to 2024 shows no increase, maintaining the guideline value at Rs 200 per sq.ft.

Guideline values in Kunduperumpedu

Kunduperumpedu has a total of 35 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the current guideline value of peninsula Nagar.

• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Pallikkuda Street: Rs 150 per sq.ft (2024)
• Nagathamman Koil Street: Rs 150 per sq.ft (2024)
• Muthu Mariyamman Koil Street: Rs 150 per sq.ft (2024)
• Sai Krishna Garden: Rs 200 per sq.ft (2024)
• Selvam Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in peninsula Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, these fees would total Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers peninsula Nagar?

The Sub Registrar Office that covers peninsula Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kunduperumpedu. When buying or selling property, this value is used to determine the stamp duty and registration fees applicable, ensuring that both parties comply with legal requirements.

At the time of registration, the guideline value is assessed, and the fees are calculated based on this amount or the sale price, whichever is higher. This ensures that the property is valued appropriately in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of peninsula Nagar?

The current guideline value of peninsula Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, before returning to Rs 200 per sq.ft in 2023 and 2024. There are no recorded figures for the years 2002, 2003, and 2007 for this street.

What are the other streets in Kunduperumpedu and their guideline values?

Other streets in Kunduperumpedu include Perumal Koil Street, Pallikkuda Street, Nagathamman Koil Street, Muthu Mariyamman Koil Street, Sai Krishna Garden, and Selvam Nagar, with guideline values ranging from Rs 150 to Rs 250 per sq.ft.

How is the stamp duty calculated for properties in peninsula Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000.

Where can I find the Sub Registrar Office for peninsula Nagar?

The Sub Registrar Office for peninsula Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the appropriate link.