Guideline Value for PERUMAL KOIL STREET EXTENSIONT

Perumal Koil Street Extensiont guideline value

The current guideline value of Perumal Koil Street Extensiont is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Perumal Koil Street Extensiont has changed

The guideline value for Perumal Koil Street Extensiont has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. However, the 2024 revision saw a significant increase, bringing the value back up to Rs 1,650 per sq.ft, marking a 64% increase from 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures for the years 2002, 2003, 2007, and 2023 in the register for this street. The changes between the revisions highlight the fluctuations in guideline values, with the most notable increase occurring from 2017 to 2024.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values for 2024 ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Perumal Koil Street Extensiont.

• Perumal Koil Street: Rs 1,650 per sq.ft (2024)
• Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Perumal Nagar 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Perumal Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Perumal Koil Cross St: Rs 1,650 per sq.ft (2024)
• Periyar Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street Extensiont

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to 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 Extensiont?

The Sub Registrar Office that covers Perumal Koil Street Extensiont is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a critical component during property transactions in Pallikaranai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs involved in the buying and selling process.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Perumal Koil Street Extensiont?

The current guideline value of Perumal Koil Street Extensiont 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,650 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What is the land classification for Perumal Koil Street Extensiont?

The land classification for Perumal Koil Street Extensiont is Residential Class IV Type - I.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office handles registrations for Perumal Koil Street Extensiont, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.