Guideline Value for PERUMAL KOIL STREET

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village under the Thiyagaraya nagar SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 1,013 per sq.ft. It increased to Rs 1,500 per sq.ft in 2007, marking a 48% rise. The value then surged to Rs 6,000 per sq.ft in 2012, reflecting a substantial 300% increase. However, in 2017, the value dropped to Rs 4,020 per sq.ft, which was a decline of 33%. The next revision in 2023 saw it rise again to Rs 6,000 per sq.ft, a 49% increase, and finally, the current value is Rs 6,600 per sq.ft as of 2024, which is a 10% increase from the previous year.

It is important to note that there is no figure available for Perumal Koil Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 552%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is the same as the guideline value for Perumal Koil Street.

• Perumal Koil Lane: Rs 5,000 per sq.ft (2024)
• Periyar Street: Rs 6,600 per sq.ft (2024)
• Pilliar Koil Street: Rs 6,600 per sq.ft (2024)
• Patel Street: Rs 8,800 per sq.ft (2024)
• Panneerselavm Nagar: Rs 6,600 per sq.ft (2024)
• Pandian Street Northern Side Of Fifth Main Road: Rs 6,600 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 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total costs together to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our 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 Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable to the transaction. Buyers should be aware of the guideline value to understand the financial obligations involved in 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 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,013 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 552% over this period.

What are the stamp duty rates for property in Perumal Koil Street?

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

Where is the Thiyagaraya nagar Sub Registrar Office located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What is the median guideline value in Mambalam?

The median guideline value in Mambalam is Rs 6,600 per sq.ft, which is the same as the guideline value for Perumal Koil Street.