Guideline Value

Corporate

Guideline Value for PERUMAL KOIL STREET

₹4950/sq.ft.

The guideline value for Perumal Koil Street in Saidapet village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint II

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹874 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹627 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. In 2002, the value was Rs 627 per sq.ft, which increased to Rs 874 per sq.ft in 2003. The following revision in 2007 saw a significant rise to Rs 1,300 per sq.ft, and by 2012, the value had increased to Rs 4,500 per sq.ft. However, this figure dropped to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023 before reaching the current rate of Rs 4,950 per sq.ft in 2024.

Between the revisions, the changes were notable. From 2002 to 2003, the guideline value increased by 39%. The rise from 2003 to 2007 was 49%, followed by a substantial increase of 246% from 2007 to 2012. After a decrease of 33% from 2012 to 2017, the value surged by 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows a 10% increase, resulting in an overall increase of 689% from 2002 to 2024.

Guideline values in Saidapet

In Saidapet, there are 106 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Perumal Koil Street's 2024 figure above this median.

Stamp duty and registration fee for property in Perumal Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. 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 Chennai South Joint II 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 Saidapet

When buying or selling property in Saidapet, the guideline value plays a crucial role in determining the stamp duty and registration fees. Buyers must be aware that these charges are calculated based on the higher of the guideline value or the sale price of the property.

It is essential for both buyers and sellers to understand the guideline value as it influences the overall costs involved in property transactions. Accurate knowledge of these values ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 627 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, showing an overall increase of 689% over this period.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property on this street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,45,500, based on the current guideline value.

Which office handles registrations for Perumal Koil Street?

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