Guideline Value for PERUMAL KOIL SOUTH MADA STREET

Perumal Koil South Mada Street guideline value

The current guideline value of Perumal Koil South Mada Street is Rs 4,400 per sq.ft. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - III.

How the guideline value of Perumal Koil South Mada Street has changed

The guideline value for Perumal Koil South Mada Street has undergone several revisions over the years. In 2002, the value was Rs 495 per sq.ft, which increased to Rs 565 per sq.ft in 2003, marking a change of +14%. The value saw a significant rise to Rs 950 per sq.ft in 2007, reflecting an increase of +68%. Following this, the value surged to Rs 4,000 per sq.ft in 2012, a notable increase of +321%. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of -33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, effective from 1 July 2024, representing a +10% increase from the previous year.

There are no figures available for the revisions in years not listed. Overall, from 2002 to 2024, the guideline value has increased by +789%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in the village is Rs 4,900 per sq.ft, placing the 2024 figure for Perumal Koil South Mada Street below this median.

• Perumal Koil North Mada Street: Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street "police Station Street": Rs 5,500 per sq.ft (2024)
• Pillaiyar Koil Street "thangam Colony": Rs 8,200 per sq.ft (2024)
• PIONEER COLONY 7th AVEUNE: Rs 13,200 per sq.ft (2024)
• PERERI LANE (Back Side of Baliamman Koil): Rs 3,800 per sq.ft (2024)
• Ponni Colony: Rs 9,800 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil South Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumal Koil South Mada Street?

The Sub Registrar Office that covers Perumal Koil South Mada Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in real estate transactions.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Perumal Koil South Mada Street?

The current guideline value of Perumal Koil South Mada Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 495 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +789% over the years.

What is the land classification for Perumal Koil South Mada Street?

Perumal Koil South Mada Street is classified as Residential Class III Type - III.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Villivakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.