Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Azhakoor village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 175 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft, marking a reduction of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 175 per sq.ft. The 2024 revision also maintains this figure at Rs 175 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the only revisions that impact the current guideline value are from 2012, 2017, 2023, and 2024.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 350 per sq.ft. The median value for these streets is Rs 225 per sq.ft, indicating that Perumal Koil Street's current guideline value is below this median.

• Pallatheru: Rs 250 per sq.ft (2024)
• Padasalai Street: Rs 160 per sq.ft (2024)
• Rathinapuram: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Sbi Colony: Rs 350 per sq.ft (2024)
• Sri Azhagar Nagar: Rs 300 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 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees to Rs 15,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Street?

The Sub Registrar Office that covers Perumal Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Azhakoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of the guideline value to ensure that the sale price is aligned with the official rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, then back to Rs 175 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Azhakoor?

The median guideline value for streets in Azhakoor is Rs 225 per sq.ft, with Perumal Koil Street's value being below this median.

What are the stamp duty and registration fees for a property in Perumal Koil Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 15,750 based on the current guideline value.

Which office handles the registration for Perumal Koil Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles the registration for Perumal Koil Street.