Guideline Value for Papparappattu Perumal Koil Street

Papparappattu Perumal Koil Street guideline value

The current guideline value of Papparappattu Perumal Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Pullilyon village, under the jurisdiction of the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Papparappattu Perumal Koil Street has changed

The guideline value for Papparappattu Perumal Koil Street has experienced several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, but then fell to Rs 268 per sq.ft in 2017. The most recent revisions show a significant increase, with the value rising to Rs 400 per sq.ft in 2023 and further to Rs 440 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Papparappattu Perumal Koil Street's 2024 guideline value is below this median.

• Parivallal Nagar: Rs 440 per sq.ft (2024)
• Pathrakaliamman Nagar: Rs 440 per sq.ft (2024)
• Perumal Koil Street: Rs 440 per sq.ft (2024)
• N.R. Swamy Nagar: Rs 550 per sq.ft (2024)
• New Redhills haroon Ullasa City: Rs 770 per sq.ft (2024)
• Pudhu Nagar 1st Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Papparappattu Perumal Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Papparappattu Perumal Koil Street?

The Sub Registrar Office that covers Papparappattu Perumal Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is an important factor when registering property transactions in Pullilyon. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government collects the appropriate taxes on property sales.

When buying or selling property, the guideline value helps determine the official value of the property, which can affect the overall costs involved in the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Papparappattu Perumal Koil Street?

The current guideline value of Papparappattu Perumal Koil Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the land classification for Papparappattu Perumal Koil Street?

The land classification for Papparappattu Perumal Koil Street is Residential Class III Type - I.

Where can I find the registration office for this street?

The registration office for Papparappattu Perumal Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 440 per sq.ft incurs a total of Rs 39,600 in fees.