Guideline Value for PERUMAL KOIL STREET (WARD -17)

Perumal Koil Street (Ward -17) guideline value

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

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

Over the years, the guideline value of Perumal Koil Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and finally to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is +10%. The 2017 to 2023 revision saw a notable increase of 49%, while the 2012 to 2017 revision experienced a decrease of 33%. For the years 2002, 2003, and 2007, the register has no figure for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 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 1,100 per sq.ft, placing Perumal Koil Street's 2024 figure below this 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 rate of Rs 660 per sq.ft, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Please note that duty is charged on the higher of the guideline value and 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. You can find your SRO for more information.

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

The guideline value is an essential factor when registering a property in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When you buy or sell property, the guideline value impacts the stamp duty and registration fees applicable. It is crucial to be aware of the guideline value to understand the financial implications of a property transaction.

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 changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Perumal Koil Street (Ward -17)?

Perumal Koil Street (Ward -17) is classified as Residential Class I Type - III.

What are the other streets in Sattamangalam with similar guideline values?

Other streets in Sattamangalam with similar guideline values include Pethanaidu Street, Pillai Tamiz Street, and Pillaiyar Koil Street (Ward -17), all valued at Rs 660 per sq.ft in 2024.

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.