Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and falls under the land classification of Residential Special Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. Starting from the 2007 revision, the value was set at Rs 600 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, in the 2017 revision, the value dropped to Rs 2,010 per sq.ft, representing a decrease of 33% from the previous revision. The 2023 revision saw another increase to Rs 3,000 per sq.ft, and finally, the current value for 2024 is Rs 3,300 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for Perumal Koil Street.

• Periyar Nagar: Rs 3,700 per sq.ft (2024)
• Periya Mettu Palayam Streets: Rs 3,300 per sq.ft (2024)
• Peillaiyar Koil Street: Rs 3,700 per sq.ft (2024)
• Ponniyamman Nagar: Rs 1,500 per sq.ft (2024)
• Poompugar Nagar: Rs 1,500 per sq.ft (2024)
• Pattinathar Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. 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 Perumal Koil Street?

The Sub Registrar Office that covers Perumal Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvottiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government collects the appropriate taxes on property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property registration. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 3,300 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 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 450% over the years.

What are the stamp duty and registration fees for property in Perumal Koil Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Perumal Koil Street?

The Thiruvottiyur Sub Registrar Office covers Perumal Koil Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value in Thiruvottiyur?

The median guideline value in Thiruvottiyur is Rs 3,300 per sq.ft, which is the same as the current value for Perumal Koil Street.