Guideline Value for PERUMAL KOIL CROSS STREET

Perumal Koil Cross Street guideline value

The current guideline value of Perumal Koil Cross Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Perumal Koil Cross Street has changed

The guideline value for Perumal Koil Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and then to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO carrying a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft, with a median of Rs 1,660 per sq.ft. The guideline value of Perumal Koil Cross Street is below this median.

• Periyar Street: Rs 1,320 per sq.ft (2024)
• Perumal Koil Street: Rs 770 per sq.ft (2024)
• Pillaiyar Koil 1st Cross Street: Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Periyar Nagar: Rs 1,320 per sq.ft (2024)
• Periyar 3rd Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value is Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Cross Street?

The Sub Registrar Office that covers Perumal Koil Cross 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Vanagaram, as it determines the stamp duty and registration fees payable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to verify the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil Cross Street?

The current guideline value of Perumal Koil Cross Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Perumal Koil Cross Street?

The land classification for Perumal Koil Cross Street is Residential Class V Type - III.

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

The Sub Registrar Office for Perumal Koil Cross 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 770 per sq.ft would incur a total guideline value of Rs 7,70,000, leading to specific stamp duty and registration fees.