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 Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is 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. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it decreased to Rs 1,005 per sq.ft. However, by the 2023 revision, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise since 2017. The most recent revision in 2024 saw a further increase to Rs 1,650 per sq.ft, reflecting a 10% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Perumal Koil Street's 2024 figure above the 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)
• P.N.N Avenue: Rs 2,200 per sq.ft (2024)
• Parasakthi Street (Ward-20): Rs 881 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, while the registration fee at 2% would be Rs 33,000, bringing the total 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.

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

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

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

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions.

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 seen several changes, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Perumal Koil Street (Ward-20)?

The land classification for Perumal Koil Street (Ward-20) is Residential Special Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is stamp duty calculated for properties in Thailavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be calculated on Rs 16,50,000.