Guideline Value for PERUMAL KOIL GARDEN STREET

Perumal Koil Garden Street guideline value

The current guideline value of Perumal Koil Garden Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Perumal Koil Garden Street has changed

The guideline value for Perumal Koil Garden Street has undergone several revisions over the years. In 2002, the value was Rs 962 per sq.ft, which increased to Rs 1,060 per sq.ft in 2003, marking a 10% rise. By 2007, the value saw a significant increase to Rs 1,100 per sq.ft, which was a 4% change. The value then jumped dramatically to Rs 5,500 per sq.ft in 2012, reflecting a 400% increase. However, it decreased to Rs 3,685 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 5,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 6,000 per sq.ft, a 9% increase from the previous year.

Overall, from the initial value in 2002 to the current value in 2024, there has been a substantial increase of 524%. The register has no figure for any revisions prior to 2002 or after 2024 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the current value of Perumal Koil Garden Street.

• Perumal Koil Street: Rs 6,000 per sq.ft (2024)
• Peter Raja Street: Rs 6,000 per sq.ft (2024)
• Pillai Street: Rs 5,000 per sq.ft (2024)
• Pillaiyar Koil (Near 100 Feet Road): Rs 6,600 per sq.ft (2024)
• Periyapalayathamman Street: Rs 3,300 per sq.ft (2024)
• Pillaiyar Koil Street (Near Panchaliamman Koil Street): Rs 6,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. 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 Garden Street?

The Sub Registrar Office that covers Perumal Koil Garden Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is an essential factor when registering a property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the actual sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

The current guideline value of Perumal Koil Garden Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 962 per sq.ft in 2002 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 524% over the years.

What is the land classification of Perumal Koil Garden Street?

Perumal Koil Garden Street falls under the Residential Special Type - II land classification.

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

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000, and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Where is the Sub Registrar Office located for this street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.