Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vellivoyal village under the Thiruvottiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Perumal Koil Street has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase of 10%, bringing the value to Rs 440 per sq.ft.

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

Guideline values in Vellivoyal

In Vellivoyal village, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 715 per sq.ft. The median value is Rs 440 per sq.ft, which is the same as the current guideline value for Perumal Koil Street.

• P.H. Road: Rs 550 per sq.ft (2024)
• Nehru Nagar: Rs 440 per sq.ft (2024)
• Mrf Nagar: Rs 550 per sq.ft (2024)
• M G R Nagar: Rs 275 per sq.ft (2024)
• Meenachi Nagar: Rs 440 per sq.ft (2024)
• Maruthi Nagar: Rs 440 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 rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total Rs 39,600. 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 Vellivoyal

The guideline value is an important factor during the registration of property transactions in Vellivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial implications of the transaction. It is crucial to understand these values to avoid any surprises 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 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 440 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty rate for properties in Perumal Koil Street?

The stamp duty rate for properties in Perumal Koil Street is 7% of the guideline value or the sale price, whichever is higher.

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 do I calculate the registration fee for a property in Perumal Koil Street?

The registration fee is calculated at 2% of the guideline value. For example, for a property valued at Rs 4,40,000, the registration fee would be Rs 8,800.