Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Kadappakkam village, under the Thiruvottiyur SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 21 per sq.ft. It increased to Rs 24 per sq.ft in 2003, marking a change of +14%. The 2007 revision saw a significant jump to Rs 100 per sq.ft, an increase of +317%. In 2012, the value rose to Rs 600 per sq.ft, reflecting a substantial change of +500%. However, the 2017 revision brought the value down to Rs 402 per sq.ft, a decrease of -33%. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision has it at Rs 1,002 per sq.ft, showing no change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +4671%. The register has no figures for the years not mentioned in this overview.

Guideline values in Kadappakkam

In Kadappakkam, there are 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft, with the median being Rs 1,002 per sq.ft. Perumal Koil Street's 2024 figure is equal to this median.

• Pillaiyar Koil Street: Rs 1,002 per sq.ft (2024)
• Ponneri High Road: Rs 1,003 per sq.ft (2024)
• Rajivgandhi Nagar: Rs 1,002 per sq.ft (2024)
• Muthu Complex: Rs 1,002 per sq.ft (2024)
• Manali New Town (T N H B & C M D A): Rs 1,100 per sq.ft (2024)
• Madras Redhills Road: Rs 1,002 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 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, making the total charges together Rs 90,180. 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kadappakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies 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 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 21 per sq.ft in 2002 to Rs 1,002 per sq.ft in 2024, with various revisions in between reflecting increases and decreases.

What is the land classification of Perumal Koil Street?

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

Where can I find the Thiruvottiyur Sub Registrar Office?

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

How is the stamp duty calculated for property in Perumal Koil Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 10,02,000, resulting in a stamp duty of Rs 70,140.