Guideline Value for Drowpathy Amman Koil Street

Drowpathy Amman Koil Street guideline value

The current guideline value of Drowpathy Amman 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, classified as Residential Class IV Type - II.

How the guideline value of Drowpathy Amman Koil Street has changed

The guideline value for Drowpathy Amman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then revised to Rs 1,005 per sq.ft in 2017, indicating a decrease of 33%. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision saw a further increase to Rs 1,650 per sq.ft, marking a rise of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. In the period from 2017 to 2023, there was a significant increase of 49%, showcasing the fluctuations in the guideline value over the years.

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 for these streets is Rs 2,310 per sq.ft, placing Drowpathy Amman Koil Street's 2024 figure below that median.

• Dr Radhakrishnan Road: Rs 1,980 per sq.ft (2024)
• Dr. Karunanithi Street: Rs 2,310 per sq.ft (2024)
• Durai Elumalai Street: Rs 1,980 per sq.ft (2024)
• Durga Theru: Rs 1,650 per sq.ft (2024)
• EB Colony: Rs 2,640 per sq.ft (2024)
• Ebinezar Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Drowpathy Amman 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 amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Drowpathy Amman Koil Street?

The Sub Registrar Office covering Drowpathy Amman 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 details.

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

The guideline value is a crucial factor during property registration in Perungalathur. It serves as a benchmark for determining the amount of stamp duty and registration fees applicable to a property transaction, ensuring that the fees are calculated based on the official rates set by the government.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly affect the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current rates to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Drowpathy Amman Koil Street?

The current guideline value of Drowpathy Amman 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where can I find the Sub Registrar Office for Drowpathy Amman Koil Street?

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

What is the land classification for Drowpathy Amman Koil Street?

Drowpathy Amman Koil Street is classified as Residential Class IV Type - II, which influences the guideline value and property transactions in the area.