Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 5,300 per sq.ft. This street is located in Puliyur village, under the Kodambakkam 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 undergone several revisions over the years. In 2002, the value was Rs 894 per sq.ft, which increased to Rs 982 per sq.ft in 2003, marking a change of +10%. The value then saw a significant rise to Rs 2,215 per sq.ft in 2007, an increase of +126%. Following this, the value further increased to Rs 4,900 per sq.ft in 2012, reflecting a +121% change. However, from 2012 to 2017, there was a decrease to Rs 3,283 per sq.ft, a change of -33%. The value then rose again to Rs 4,900 per sq.ft in 2023, which was a +49% increase. The most recent revision in 2024 set the guideline value at Rs 5,300 per sq.ft, an increase of +8% from the previous year.

There are no figures available for the revisions in the years not listed in the register. Overall, from 2002 to 2024, the guideline value has increased by +493%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Perumal Koil Street's 2024 figure below that median.

• Periyar Pathai: Rs 6,300 per sq.ft (2024)
• Pillayar Koil Street: Rs 4,400 per sq.ft (2024)
• Ponnusami Vadhiyar Street: Rs 5,000 per sq.ft (2024)
• Patel Street: Rs 7,100 per sq.ft (2024)
• Pasumarthi Street: Rs 7,100 per sq.ft (2024)
• Pasumarthi Lane: Rs 5,800 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 rate of Rs 5,300 per sq.ft, the guideline value amounts to Rs 53,00,000. The stamp duty at 7% would be Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, totaling Rs 4,77,000. 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 information.

Which Sub Registrar Office covers Perumal Koil Street?

The Sub Registrar Office that covers Perumal Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid upon the sale or purchase of property in the area.

When a property is registered, 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?

The current guideline value of Perumal Koil Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 894 per sq.ft in 2002 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of +493% over this period.

What are the registration fees for property in Perumal Koil Street?

The registration fees include a stamp duty of 7% and a registration fee of 2%. For a guideline value of Rs 53,00,000, the total fees would amount to Rs 4,77,000.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Perumal Koil Street?

The land classification for Perumal Koil Street is Residential Class II Type - I, which is relevant for determining the guideline value and related regulations.