Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,000 per sq.ft. This street is located in Sadayankuppam village, under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value of Perumal Koil Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 450 per sq.ft in 2012, marking an increase of 800%. However, in the 2017 revision, the value decreased to Rs 301 per sq.ft, reflecting a decline of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the same value was carried into the 2024 revision, showing no change.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,900%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Sadayankuppam

Sadayankuppam has 20 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,200 per sq.ft, with a median value of Rs 1,002 per sq.ft. The guideline value for Perumal Koil Street is below this median.

• Ponneri High Road: Rs 1,003 per sq.ft (2024)
• Pancavarnam Street: Rs 1,001 per sq.ft (2024)
• Ramalakshmi Nagar: Rs 1,002 per sq.ft (2024)
• Nethaji Nagar: Rs 1,002 per sq.ft (2024)
• Nehru Nagar: Rs 1,002 per sq.ft (2024)
• Revathi Nagar: Rs 1,000 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 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, charged at 7%, would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sadayankuppam. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the transaction is registered at a value that reflects the official guideline established by the authorities.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 50 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, an overall increase of 1,900%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 10,00,000, resulting in a stamp duty of Rs 70,000 and a registration fee of Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Perumal Koil Street?

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

What is the median guideline value in Sadayankuppam?

The median guideline value in Sadayankuppam for 2024 is Rs 1,002 per sq.ft, with Perumal Koil Street's value being below this median.