Guideline Value for PERUMAL KOIL STREET (WARD -17)

Perumal Koil Street (Ward -17) guideline value

The current guideline value for Perumal Koil Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Perumal Koil Street (Ward -17) has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, reflecting a drop of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which is an increase of 10% from the previous year.

The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for Perumal Koil Street in the guideline value register.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, making the current value for Perumal Koil Street (Ward -17) below the median.

• Pethanaidu Street (Ward -17): Rs 660 per sq.ft (2024)
• Periyar Salai (Ward -8): Rs 1,980 per sq.ft (2024)
• Pillai Tamiz Street (N): Rs 660 per sq.ft (2024)
• Periyar Cross Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. 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 details.

Which Sub Registrar Office covers Perumal Koil Street (Ward -17)?

The Sub Registrar Office that covers Perumal Koil Street (Ward -17) 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 information.

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

The guideline value is a crucial metric used during the registration of property transactions in Kattankollatur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. It is essential to be aware of this value to ensure compliance with local regulations and to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (Ward -17)?

The current guideline value of Perumal Koil Street (Ward -17) is Rs 660 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 being an increase from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. From 2012 to 2017, the value decreased from Rs 600 to Rs 402 per sq.ft, and then it increased to Rs 600 in 2023.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class I Type - III, indicating its suitability for residential developments.

Where can I find the Sub Registrar Office for Kattankollatur?

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

How is stamp duty calculated in Kattankollatur?

Stamp duty in Kattankollatur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.