Guideline Value for CHENNAI KESAVA PERUMAL KOIL STREET

Chennai Kesava Perumal Koil Street guideline value

The current guideline value of Chennai Kesava Perumal Koil Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Chennai Kesava Perumal Koil Street has changed

Over the years, the guideline value for Chennai Kesava Perumal Koil Street has seen several revisions. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 4,500 per sq.ft in the 2012 revision. However, there was a decrease in value to Rs 3,015 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 4,500 per sq.ft in 2023, and then to the current value of Rs 4,900 per sq.ft in 2024.

The changes between these revisions include a 150% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Chennai Kesava Perumal Koil Street's 2024 figure below that median.

• Chellappa Mudali Street: Rs 6,500 per sq.ft (2024)
• Chellappa Gramani Street: Rs 5,500 per sq.ft (2024)
• Chinnababu Street: Rs 4,400 per sq.ft (2024)
• Chinnathambi Naicken Street: Rs 5,500 per sq.ft (2024)
• Chithalu Chetty Street: Rs 5,500 per sq.ft (2024)
• Chokkavel Subramaniya Swamy Koil Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Kesava Perumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, leading to a total cost of Rs 4,41,000. 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 Chennai Kesava Perumal Koil Street?

The Sub Registrar Office that covers Chennai Kesava Perumal Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the fees reflect the official value set by the Registration Department. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Chennai Kesava Perumal Koil Street?

The current guideline value of Chennai Kesava Perumal Koil Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024. The most notable changes include a 150% increase from 2007 to 2012 and a 49% increase from 2017 to 2023.

What is the land classification for Chennai Kesava Perumal Koil Street?

Chennai Kesava Perumal Koil Street is classified as Residential Class III Type - II. This classification is important for understanding the types of properties and developments allowed in the area.

Where can I find the registration office for Chennai Kesava Perumal Koil Street?

The registration office for Chennai Kesava Perumal Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty at 7% would be Rs 3,43,000.