Guideline Value for PERUMAL KOIL STREET (WARD -9)

Perumal Koil Street (Ward -9) guideline value

The current guideline value of Perumal Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Goodaloor village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Perumal Koil Street (Ward -9) has changed

Over the years, the guideline value of Perumal Koil Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which was a decrease of 33% from Rs 335 per sq.ft in 2017. The 2023 revision increased the value to Rs 500 per sq.ft, and the latest 2024 revision raised it to Rs 550 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value of Perumal Koil Street (Ward -9) is below this median.

• Pillaiyar Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Peria Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Palayathamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Padavattamman Koil Street (Ward -9): Rs 550 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Please note that 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 information.

Which Sub Registrar Office covers Perumal Koil Street (Ward -9)?

The Sub Registrar Office that covers Perumal Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Goodaloor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in establishing a baseline for negotiations. Buyers and sellers can refer to the guideline value to assess the fairness of the price being offered, as it reflects the government’s valuation of the property based on its location and classification.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (Ward -9)?

The current guideline value of Perumal Koil Street (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 550 per sq.ft in 2024, with various revisions in between. The value saw a significant increase of 49% from 2017 to 2023.

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

Other streets in Goodaloor with a guideline value of Rs 550 per sq.ft include Pillaiyar Koil Street, Peria Palayathamman Koil Street, Palayathamman Koil Street, and Padavattamman Koil Street, all under the Chengleput Joint II SRO.

What is the registration office for Perumal Koil Street (Ward -9)?

The Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Perumal Koil Street (Ward -9).

How is the stamp duty calculated for property in Goodaloor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.