Guideline Value for PERUMAL KOIL STREE

Perumal Koil Stree guideline value

The current guideline value for Perumal Koil Stree is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Sivabootham village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Perumal Koil Stree has changed

The guideline value for Perumal Koil Stree has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which later decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sivabootham

Sivabootham village features 39 streets under the Chennai South Joint I SRO, with a 2024 guideline value range from Rs 1,120 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the guideline value for Perumal Koil Stree.

• Perumal Koil 3rd Stree: Rs 1,650 per sq.ft (2024)
• Perumal Koil 2nd Stree: Rs 1,650 per sq.ft (2024)
• Perumal Koil 1st Street: Rs 1,650 per sq.ft (2024)
• Pilliyar Koil 1st Street: Rs 1,650 per sq.ft (2024)
• Pilliyar Koil Street: Rs 1,650 per sq.ft (2024)
• Poonamalle High Way: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Stree

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Stree?

The Sub Registrar Office that covers Perumal Koil Stree is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Sivabootham. It determines the minimum value at which a property can be registered, ensuring that the transaction is accurately reflected in the official records.

When a property is sold, the buyer must pay stamp duty and registration fees 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 Stree?

The current guideline value of Perumal Koil Stree is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Perumal Koil Stree?

The land classification for Perumal Koil Stree is Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for Perumal Koil Stree is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.