Guideline Value

Corporate

Guideline Value for PERUMAL KOIL STREET/MALLIKAI NAGAR

₹1001/sq.ft.

The guideline value for Perumal Koil Street/mallikai Nagar in Chinnasekkadu village (Thiruvottiyur SRO, Chennai zone) is Rs 1001 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnasekkadu

Village

Thiruvottiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1001 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹86 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Perumal Koil Street/mallikai Nagar

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Perumal Koil Street/Mallikai Nagar guideline value

The current guideline value of Perumal Koil Street/Mallikai Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village, under the jurisdiction of the Thiruvottiyur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Koil Street/Mallikai Nagar has changed

The guideline value for Perumal Koil Street/Mallikai Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 86 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The value then rose significantly to Rs 600 per sq.ft in 2012, but saw a decrease to Rs 402 per sq.ft by 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 has it at Rs 1,001 per sq.ft.

Notably, the changes between revisions show a remarkable increase of 149% from 2017 to 2023. The value jumped by 200% from 2007 to 2012 and increased by 133% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 1064%. There is no figure available for the year 2002 in the register for this street.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Perumal Koil Street/Mallikai Nagar is below this median.

Stamp duty and registration fee for property in Perumal Koil Street/Mallikai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% is Rs 70,070, and the registration fee at 2% is Rs 20,020, bringing the total to Rs 90,090. 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 detailed calculations.

Which Sub Registrar Office covers Perumal Koil Street/Mallikai Nagar?

The Sub Registrar Office that covers Perumal Koil Street/Mallikai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the property registration process in Chinnasekkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil Street/Mallikai Nagar?

The current guideline value of Perumal Koil Street/Mallikai Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 86 per sq.ft in 2003 to Rs 1,001 per sq.ft in 2024, showing an increase of 1064% overall.

What is the land classification for Perumal Koil Street/Mallikai Nagar?

The land classification for Perumal Koil Street/Mallikai Nagar is Residential Class II Type - I.

Which office handles registrations for properties in this area?

The Thiruvottiyur Sub Registrar Office handles registrations for properties in Perumal Koil Street/Mallikai Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Chinnasekkadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 at 7%.