Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Vallur village, under the Thiruvottiyur SRO, and is classified as Residential Class II 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. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft, marking a further increase of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 551 per sq.ft. The median value is Rs 220 per sq.ft, which is the same as the guideline value for Perumal Koil Street.

• Perumal Nagar: Rs 220 per sq.ft (2024)
• Pomanam Nagar: Rs 220 per sq.ft (2024)
• Ponkovil Nagar: Rs 220 per sq.ft (2024)
• Ponneri High Road: Rs 551 per sq.ft (2024)
• Pallavan Nagar: Rs 220 per sq.ft (2024)
• Padasalai Street: Rs 220 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. The duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 Vallur

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

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Perumal Koil Street has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Vallur with the same guideline value?

Other streets in Vallur with the same guideline value of Rs 220 per sq.ft include Perumal Nagar, Pomanam Nagar, Pallavan Nagar, and Padasalai Street.

Where is the Thiruvottiyur Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Vallur?

Stamp duty for properties in Vallur is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,20,000 would incur a stamp duty of Rs 15,400 at the current rate of 7%.