Guideline Value for PERIYAPALAYATHAMMAN KOIL STREET

Periyapalayathamman Koil Street guideline value

The current guideline value of Periyapalayathamman Koil Street is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class V Type - III.

How the guideline value of Periyapalayathamman Koil Street has changed

The guideline value for Periyapalayathamman Koil Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,005 per sq.ft. This figure increased to Rs 1,505 per sq.ft in the 2023 revision, marking a 50% rise. The most recent 2024 revision shows a further increase to Rs 1,625 per sq.ft, which is an 8% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 2,725 per sq.ft, making the 2024 figure for Periyapalayathamman Koil Street below this median.

• Paumpon Nagar Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)
• Paumpon Nagar Manickavasagar Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar V.O.C. Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Radha Krishnan Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Pudithevan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Periyapalayathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, while the registration fee at 2% would be Rs 32,500. Together, these fees would total Rs 1,46,250. 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 Periyapalayathamman Koil Street?

The Sub Registrar Office that covers Periyapalayathamman Koil Street is the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perumbakkam. It serves as a reference point for determining the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Periyapalayathamman Koil Street?

The current guideline value of Periyapalayathamman Koil Street is Rs 1,625 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 62% during this period.

What are the stamp duty rates applicable for properties in Periyapalayathamman Koil Street?

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

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

The Sub Registrar Office for Periyapalayathamman Koil Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the median guideline value for streets in Perumbakkam?

The median guideline value for streets in Perumbakkam is Rs 2,725 per sq.ft, which means that Periyapalayathamman Koil Street's 2024 figure is below this median.