Guideline Value for PERUMAL KOIL ST

Perumal Koil St guideline value

The current guideline value of Perumal Koil St in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Perumal Koil St has changed

The guideline value for Perumal Koil St has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. The 2023 revision saw an increase to Rs 900 per sq.ft, and the most recent 2024 revision has further increased it to Rs 988 per sq.ft.

In terms of percentage changes, from 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is the same as the current value for Perumal Koil St.

• Periyar Street (Babu Nagar): Rs 988 per sq.ft (2024)
• Periyar St, Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Pillaiyar Koil Street Venkatapuram: Rs 988 per sq.ft (2024)
• Pillaiyar St (M.T.H.Road Northern Side): Rs 988 per sq.ft (2024)
• Pillaiyar St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Peraciriyar Street, Cholan Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, making the total charges Rs 88,920. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumal Koil St?

The Sub Registrar Office that covers Perumal Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the applicable taxes and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Perumal Koil St?

The current guideline value of Perumal Koil St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Perumal Koil St?

Perumal Koil St is classified as Residential Class II Type - I, which is significant for understanding its use and valuation.

Where can I find the Sub Registrar Office for Perumal Koil St?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 9,88,000 would incur a stamp duty of Rs 69,160 at 7%.