Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,100 per sq.ft. This street is located in Matthur village under the Thiruvottiyur SRO, classified as Residential Special Type - III.

How the guideline value of Perumal Koil Street has changed

Over the years, the guideline value of Perumal Koil Street has seen significant changes. The earliest recorded figure in the register is from 2002, where the value was Rs 68 per sq.ft. This increased to Rs 80 per sq.ft in 2003, marking an 18% rise. The value then saw a substantial increase of 150% to reach Rs 200 per sq.ft by 2007. Following this, the value surged by 400% to Rs 1,000 per sq.ft in 2012. However, it experienced a decline of 33% to Rs 670 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 1,000 per sq.ft. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. There are no figures recorded in the register for the years not mentioned above.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median value being Rs 1,100 per sq.ft. Perumal Koil Street's 2024 figure aligns with this median.

• Pillayar Koil Street: Rs 1,100 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,100 per sq.ft (2024)
• Ponnuswamy Nagar: Rs 1,100 per sq.ft (2024)
• Pangu Medu: Rs 1,100 per sq.ft (2024)
• Pada Salai Road: Rs 1,100 per sq.ft (2024)
• Om Sakthi Kaligambal Co-Operative Nagar Annexe: Rs 2,200 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. 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 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 Matthur

The guideline value is a crucial factor in the registration process of property transactions in Matthur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is documented accurately and that the necessary fees are collected by the government.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 68 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1518% over this period.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Special Type - III under the Thiruvottiyur SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total charges would be Rs 99,000.

Where is the Thiruvottiyur Sub Registrar Office located?

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