Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Street has changed

Over the years, the guideline value of Perumal Koil Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from Rs 1,675 per sq.ft in the 2017 revision. The value remained at Rs 2,500 per sq.ft until the 2023 revision, when it increased to Rs 2,500 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft as of 2024. The median value is Rs 2,750 per sq.ft, which is the same as the current guideline value for Perumal Koil Street.

• Perumal Nagar: Rs 3,300 per sq.ft (2024)
• Perumal Salai: Rs 2,750 per sq.ft (2024)
• Periyar Colony: Rs 2,750 per sq.ft (2024)
• Pillaiyar Koil Street (Part): Rs 2,750 per sq.ft (2024)
• Pilliyar Koil Street: Rs 2,750 per sq.ft (2024)
• Ponniamman Koil 1 To 3 Streets: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Street?

The Sub Registrar Office covering Perumal Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Nanmangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registry. This process helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing a significant change over the years.

What is the land classification for Perumal Koil Street?

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

Where can I find the registration office for properties in this area?

The registration office for properties in Perumal Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Nanmangalam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For instance, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.