Guideline Value for PERUMAL KOIL 2ST STREET

Perumal Koil 2st Street guideline value

The current guideline value of Perumal Koil 2st Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Perumal Koil 2st Street has changed

The guideline value for Perumal Koil 2st Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is an increase of 10% from Rs 1,800 per sq.ft in 2023. Prior to that, the value was Rs 1,206 per sq.ft in 2017, marking a significant increase of 49% from the previous figure in 2012, which was Rs 1,800 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, and when considering the overall change from 2012 to 2024, there has been a modest increase of 10%. This history of revisions reflects the adjustments made to the guideline value over time.

Guideline values in Iyyappanthangal

Iyyappanthangal has a total of 134 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that the 2024 figure for Perumal Koil 2st Street is below that median.

• Perumal Koil 3rd Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil 4th Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil 1st Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil 5th Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil Street: Rs 1,980 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil 2st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil 2st Street?

The Sub Registrar Office that covers Perumal Koil 2st Street is the Chennai South Joint I 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 more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Iyyappanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to ensure compliance with registration requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil 2st Street?

The current guideline value of Perumal Koil 2st Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, and from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2012.

What is the land classification of Perumal Koil 2st Street?

Perumal Koil 2st Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Perumal Koil 2st Street is the Chennai South Joint I Sub Registrar Office, 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 Iyyappanthangal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.