Guideline Value for Desamuthiyamman Koil Street

Desamuthiyamman Koil Street guideline value

The current guideline value of Desamuthiyamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Desamuthiyamman Koil Street has changed

The guideline value for Desamuthiyamman Koil Street has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 650% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in the 2023 revision, and subsequently to Rs 1,650 per sq.ft in the 2024 revision, which represents a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 725%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value in this area is Rs 2,310 per sq.ft, placing Desamuthiyamman Koil Street's 2024 figure below that median.

• Devarajan Street: Rs 1,650 per sq.ft (2024)
• David Nagar: Rs 3,960 per sq.ft (2024)
• Devika Nagar: Rs 1,990 per sq.ft (2024)
• Devi Karumari Amman Nagar: Rs 2,310 per sq.ft (2024)
• Corner Street Extn: Rs 1,980 per sq.ft (2024)
• Corner Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Desamuthiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Desamuthiyamman Koil Street?

The Sub Registrar Office that covers Desamuthiyamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Perungalathur, the guideline value plays a crucial role during the registration process. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the property transactions are documented accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the current guideline values to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Desamuthiyamman Koil Street?

The current guideline value of Desamuthiyamman Koil Street 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 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What is the stamp duty rate for properties in Desamuthiyamman Koil Street?

The stamp duty rate for properties in Desamuthiyamman Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Desamuthiyamman Koil Street?

The Sub Registrar Office for Desamuthiyamman Koil Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, which is higher than the current value of Desamuthiyamman Koil Street.