Guideline Value for PERUMALKOIL STREET

Perumalkoil Street guideline value

The current guideline value of Perumalkoil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Perumalkoil Street has changed

In the 2017 revision, the guideline value for Perumalkoil Street was Rs 268 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, where it was recorded at Rs 400 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was an increase of 49%. The guideline value has remained stable from 2023 to 2024, with no percentage change, resulting in an overall increase of 49% from 2017 to 2024.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, positioning Perumalkoil Street's 2024 figure above that median.

• Pettai Street: Rs 400 per sq.ft (2024)
• Patchiyamman Kovil Street: Rs 101 per sq.ft (2024)
• Palayar Perumal Kovil Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam Cross Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam C.R.Kalathumedu Street: Rs 350 per sq.ft (2024)
• Palaiyarmadam Road: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Perumalkoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumalkoil Street?

The Sub Registrar Office that covers Perumalkoil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor during property registration in Cheyyur - A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is bought or sold, the guideline value is considered to determine the legal value of the property. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Perumalkoil Street?

The current guideline value of Perumalkoil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, reflecting a 49% increase over that period.

Are there any revisions without figures for Perumalkoil Street?

Yes, the register has no figures for Perumalkoil Street for the years 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Cheyyur - A?

The median guideline value for streets in Cheyyur - A is Rs 101 per sq.ft, with Perumalkoil Street's 2024 figure being above that median.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.