Guideline Value for PERUMAL KOIL ST, KONAMBEDU

Perumal Koil St, Konambedu guideline value

The current guideline value of Perumal Koil St, Konambedu is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Perumal Koil St, Konambedu has changed

The guideline value for Perumal Koil St, Konambedu has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. The value increased to Rs 900 per sq.ft again in 2023, and currently stands at Rs 950 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. The value then rose by 6% from 2023 to 2024. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this area is Rs 1,625 per sq.ft, making the current figure for Perumal Koil St, Konambedu below that median.

• Perumal Koil St, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Perumal Koil St, Reddypalayam: Rs 950 per sq.ft (2024)
• Periyar St, Kannigapuram: Rs 950 per sq.ft (2024)
• Periyar St, Kamaraj Nagar: Rs 950 per sq.ft (2024)
• Pillayar Koil 1st Cross St: Rs 950 per sq.ft (2024)
• Pillayar Koil 2nd Cross St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil St, Konambedu

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil St, Konambedu?

The Perumal Koil St, Konambedu is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Paruthipattu. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during registration.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, thereby facilitating a smoother process.

Frequently asked questions

What is the current guideline value of Perumal Koil St, Konambedu?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and currently to Rs 950 per sq.ft in 2024.

What is the land classification for Perumal Koil St, Konambedu?

Perumal Koil St, Konambedu is classified as Residential Class II Type - I.

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

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles registrations for this street?

The Avadi Sub Registrar Office handles registrations for Perumal Koil St, Konambedu, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.