Guideline Value for PERUMAL AYALU STREET

Perumal Ayalu Street guideline value

The current guideline value of Perumal Ayalu Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Perumal Ayalu Street has changed

The guideline value for Perumal Ayalu Street has undergone several revisions over the years. Starting from Rs 336 per sq.ft in 2002, it increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 550 per sq.ft in 2007, which was a 49% increase from the previous revision. By 2012, the guideline value remained unchanged at Rs 2,500 per sq.ft, and this figure persisted until the 2023 revision.

In 2023, the guideline value was again set at Rs 2,500 per sq.ft, with the next revision in 2024 increasing it to Rs 2,700 per sq.ft, reflecting an 8% rise. The overall increase from the 2002 revision to the current 2024 figure is 704%. Notably, there is no figure available for the 2017 revision for this street.

Guideline values in Perambur

Perambur village has a total of 1,114 streets under the Purasaivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which aligns with the current value of Perumal Ayalu Street.

• Periyar Street: Rs 4,300 per sq.ft (2024)
• Pichandi Street: Rs 2,700 per sq.ft (2024)
• Periya Palayathamman Street: Rs 2,700 per sq.ft (2024)
• Periya Palayathamman Lane: Rs 2,700 per sq.ft (2024)
• Periya Malayappan Street: Rs 2,700 per sq.ft (2024)
• Periar Nagar Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Ayalu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 more details.

Which Sub Registrar Office covers Perumal Ayalu Street?

The Sub Registrar Office that covers Perumal Ayalu 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 Perambur

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers must consider the guideline value as it can affect the overall cost of the transaction. It is advisable to check the latest guideline values to ensure accurate calculations of fees during property transactions.

Frequently asked questions

What is the current guideline value of Perumal Ayalu Street?

The current guideline value of Perumal Ayalu Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 336 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 704% over the years.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,43,000, based on the guideline value of Rs 27,00,000.

Which Sub Registrar Office is responsible for Perumal Ayalu Street?

The Purasaivakkam Sub Registrar Office is responsible for Perumal Ayalu Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Are there other streets in Perambur with the same guideline value?

Yes, several other streets in Perambur have the same guideline value of Rs 2,700 per sq.ft, including Pichandi Street, Periya Palayathamman Street, and Periya Malayappan Street.