Guideline Value for PERUKAL KOIL CORSS STREET

Perukal Koil Corss Street guideline value

The current guideline value of Perukal Koil Corss Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Koladi village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Perukal Koil Corss Street has changed

The guideline value for Perukal Koil Corss Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a significant increase of 49% from 2017 to 2023. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,000 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Perukal Koil Corss Street.

• Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Perumal Koil Street And 1,2 Corss Street: Rs 1,100 per sq.ft (2024)
• Periyakolladi Perumal Koil Street: Rs 660 per sq.ft (2024)
• Pattabi Nagar Extension: Rs 2,760 per sq.ft (2024)
• Pattabi Nagar: Rs 1,650 per sq.ft (2024)
• Ponnammal Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Perukal Koil Corss Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perukal Koil Corss Street?

The Sub Registrar Office that covers Perukal Koil Corss Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions in Koladi, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that buyers need to pay at the time of registration.

When buying or selling property in Koladi, it is crucial to be aware of the guideline value, as it ensures compliance with local regulations and helps in the accurate assessment of taxes. Buyers should always check the latest guideline value to understand their financial obligations better.

Frequently asked questions

What is the current guideline value of Perukal Koil Corss Street?

The current guideline value of Perukal Koil Corss Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Perukal Koil Corss Street?

Perukal Koil Corss Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Perukal Koil Corss Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Koladi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.