Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and is classified as Mixed Special Type - III.

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 guideline value was Rs 109 per sq.ft. This increased to Rs 125 per sq.ft in 2003, marking a 15% rise. The value continued to rise significantly, reaching Rs 300 per sq.ft in 2007, which was a 140% increase from the previous year. By 2012, the value had increased to Rs 1,400 per sq.ft, showing a remarkable 367% growth from 2007. However, it then dropped to Rs 938 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 1,400 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,500 per sq.ft, which is a 7% increase from the previous year. The register has no figures for the years not mentioned in the revisions.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, placing Perumal Koil Street's 2024 figure above this median.

• Periya Thoppu Selva Vinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Periya Thoppu (Kaal Thottam): Rs 1,200 per sq.ft (2024)
• Ponneri High Road: Rs 1,005 per sq.ft (2024)
• Pattu Street: Rs 1,200 per sq.ft (2024)
• Poombukar Nagar: Rs 1,200 per sq.ft (2024)
• Poongavanam Street: Rs 1,200 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees together to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 further assistance.

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

The guideline value is an essential factor during property registration in Manali. It serves as a reference point for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish the minimum price at which the property can be registered. It is important for both parties to be aware of this 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 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 109 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, showing an overall increase of 1276% over the years.

What is the registration office for Perumal Koil Street?

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

How is stamp duty calculated for properties in Perumal Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,500 per sq.ft has a total guideline value of Rs 15,00,000, leading to a stamp duty of Rs 1,05,000.

What are the other streets in Manali with their guideline values?

Other streets in Manali include Periya Thoppu Selva Vinayagar Koil Street, Periya Thoppu (Kaal Thottam), Ponneri High Road, Pattu Street, Poombukar Nagar, and Poongavanam Street, with guideline values ranging from Rs 1,005 to Rs 1,200 per sq.ft in 2024.