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Guideline Value

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Guideline Value for PERUMAL KOIL EXTN. STREET

₹4950/sq.ft.

The guideline value for Perumal Koil Extn. Street in Saidapet village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹874 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹683 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Perumal Koil Extn. Street

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Perumal Koil Extn. Street guideline value

The current guideline value of Perumal Koil Extn. Street is Rs 4,950 per sq.ft. This street is located in Saidapet village, falling under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Koil Extn. Street has changed

The guideline value for Perumal Koil Extn. Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 683 per sq.ft. This increased to Rs 874 per sq.ft in 2003, marking a change of +28%. The value then rose significantly to Rs 1,300 per sq.ft in 2007, reflecting an increase of +49%. In 2012, the value was Rs 4,500 per sq.ft, which was a notable increase of +246% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 3,015 per sq.ft, showing a decline of -33%. However, the value rebounded to Rs 4,500 per sq.ft in 2023, an increase of +49%. The most recent revision in 2024 set the guideline value at Rs 4,950 per sq.ft, reflecting a change of +10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +625%.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO that have a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, positioning Perumal Koil Extn. Street's 2024 figure above this median.

Stamp duty and registration fee for property in Perumal Koil Extn. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost for these fees Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more precise calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Extn. Street?

The Sub Registrar Office that covers Perumal Koil Extn. 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, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Saidapet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must ensure that the transaction adheres to the guideline value set by the authorities.

When registering a property, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the registration process is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Perumal Koil Extn. Street?

The current guideline value of Perumal Koil Extn. Street is Rs 4,950 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 683 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of +625% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for Perumal Koil Extn. Street?

The Chennai South Joint II Sub Registrar Office handles registrations for Perumal Koil Extn. Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

Where can I find more information about the guideline values in Saidapet?

Information about the guideline values in Saidapet can be found in the Registration Department's guideline value register (TNReginet) and through the Chennai South Joint II SRO.