Guideline Value for PERUMAL KOIL STREET (WARD-20)

Perumal Koil Street (Ward-20) guideline value

The current guideline value of Perumal Koil Street (Ward-20) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Perumal Koil Street (Ward-20) has changed

The guideline value for Perumal Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023 and further rose to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The 2023 to 2024 revision reflects a 10% increase, while the jump from 2017 to 2023 was a substantial 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Perumal Koil Street's 2024 figure above that median.

• Periyar Street (Ward-20): Rs 770 per sq.ft (2024)
• Pillaiyar Koil Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Pilliyar Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Parasakthi Street (Ward-20): Rs 880 per sq.ft (2024)
• Pandiyan Nagar (Val): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Perumal Koil Street (Ward-20)?

The Chengleput Joint II Sub Registrar Office covers Perumal Koil Street (Ward-20). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Konathi. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (Ward-20)?

The current guideline value of Perumal Koil Street (Ward-20) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Perumal Koil Street?

Perumal Koil Street is classified as Residential Special Type - III under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Perumal Koil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Where is the Sub Registrar Office for Perumal Koil Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.