Guideline Value for PERUMBAKKAM KOIL STREET

Perumbakkam Koil Street guideline value

The current guideline value of Perumbakkam Koil Street is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumbakkam Koil Street has changed

The guideline value for Perumbakkam Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then revised to Rs 1,340 per sq.ft in 2017. This was a decrease of 33%. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest 2024 revision has set it at Rs 2,100 per sq.ft, marking a 5% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 5%. It is important to note that no figures are available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value for these streets is Rs 2,100 per sq.ft, which is equal to the current guideline value of Perumbakkam Koil Street.

• Perumbakkam Salai Street: Rs 2,100 per sq.ft (2024)
• Perumal Nagar Road: Rs 1,650 per sq.ft (2024)
• Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,300 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Palvadi Palli Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Perumbakkam Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty at 7% would amount to Rs 1,47,000, while the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumbakkam Koil Street?

The Sub Registrar Office covering Perumbakkam Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arasankalani. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. This ensures that the property is valued appropriately according to the current regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Perumbakkam Koil Street?

The current guideline value of Perumbakkam Koil Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,100 per sq.ft in 2024, reflecting a 5% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the classification of land for Perumbakkam Koil Street?

Perumbakkam Koil Street is classified as Residential Class I Type - I, which indicates its designation for residential development.

What are the other streets in Arasankalani with their guideline values?

Other streets in Arasankalani include Perumbakkam Salai Street at Rs 2,100 per sq.ft, Perumal Nagar Road at Rs 1,650 per sq.ft, and several others at Rs 1,300 per sq.ft.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.