Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Edayanchavadi village, under the Thiruvottiyur SRO, and is classified as Residential Class I 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 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% increase from 2017. The latest revision in 2024 has set the value at Rs 1,001 per sq.ft, which shows no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 199%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft, with a median value of Rs 1,001 per sq.ft. Perumal Koil Street's 2024 figure aligns with this median.

• Ponneri High Road: Rs 1,002 per sq.ft (2024)
• Prem Nagar: Rs 1,001 per sq.ft (2024)
• Rajarajeswari Nagar: Rs 1,001 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,001 per sq.ft (2024)
• M.R.F. Nagar: Rs 1,001 per sq.ft (2024)
• Moideen Nagar: Rs 1,001 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 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. Duty is charged on the guideline value or the sale price, whichever is higher. 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 that covers Perumal Koil Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Edayanchavadi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 199% from Rs 335 per sq.ft to Rs 1,001 per sq.ft in 2024.

What are the other streets in Edayanchavadi and their guideline values?

Other streets in Edayanchavadi include Ponneri High Road, Prem Nagar, Rajarajeswari Nagar, Sangeetha Nagar, M.R.F. Nagar, and Moideen Nagar, with values ranging from Rs 1,001 to Rs 1,002 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Perumal Koil Street?

The Sub Registrar Office for Perumal Koil Street is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for property in Edayanchavadi?

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