Guideline Value for PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET

PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET guideline value

The current guideline value for PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO, classified as Residential Class II Type - III.

How the guideline value of PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET has changed

The guideline value for PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET has seen several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This figure increased significantly to Rs 2,300 per sq.ft in 2012, marking an increase of 820%. The value remained unchanged at Rs 2,300 per sq.ft until the next revision in 2023, where it increased to Rs 2,500 per sq.ft, a change of 9%.

From 2007 to 2024, the overall increase in the guideline value is 900%, culminating in the current rate of Rs 2,500 per sq.ft. It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value is Rs 2,500 per sq.ft, which is equal to the 2024 figure for PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET.

• PERUMAL KOIL STREET (AGRAHARAM) 1st STREET: Rs 2,500 per sq.ft (2024)
• Perumal Koil Street (Agraharam): Rs 2,500 per sq.ft (2024)
• Perumal Koil Street: Rs 1,600 per sq.ft (2024)
• Perumal Koil Street (Madhanakuppam): Rs 1,300 per sq.ft (2024)
• Perumal Nagar: Rs 1,600 per sq.ft (2024)
• Periyar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET?

The Sub Registrar Office that covers PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Korattur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the government and is regularly revised to reflect changes in the real estate market.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. 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 STREET (AGRAHARAM) 2nd STREET?

The current guideline value of PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 900% over the years.

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

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which Sub Registrar Office is responsible for this street?

The Villivakkam Sub Registrar Office is responsible for PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET?

PERUMAL KOIL STREET (AGRAHARAM) 2nd STREET is classified as Residential Class II Type - III.