Guideline Value for Pereri Street (Near Balliamman Koil)

Pereri Street (Near Balliamman Koil) guideline value

The current guideline value of Pereri Street (Near Balliamman Koil) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pereri Street (Near Balliamman Koil) has changed

The guideline value for Pereri Street has undergone several revisions over the years. Starting from Rs 392 per sq.ft in 2002, it increased to Rs 425 per sq.ft in 2003. By 2007, the value saw a significant rise to Rs 800 per sq.ft, followed by a further increase to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,800 per sq.ft.

Between these revisions, there were notable changes. From 2002 to 2003, the increase was +8%, followed by +88% from 2003 to 2007. The value then surged by +338% from 2007 to 2012, but decreased by -33% from 2012 to 2017. A substantial increase of +49% occurred from 2017 to 2023, and finally, the value rose by +9% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +869%.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with the 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, making Pereri Street's 2024 figure equal to this median.

• Periyar Nagar 4th Street and other Streets: Rs 3,800 per sq.ft (2024)
• Periyar Nagar (Thathankuppam Main Road): Rs 3,800 per sq.ft (2024)
• Perumal Koil Madaveethi: Rs 5,500 per sq.ft (2024)
• Perumal Koil Street (Sannathi Street): Rs 5,500 per sq.ft (2024)
• Palliamman Kovil Street: Rs 5,500 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pereri Street (Near Balliamman Koil)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pereri Street (Near Balliamman Koil)?

The Sub Registrar Office that covers Pereri Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is crucial when registering a property in Konnur. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. This ensures that the registration reflects the true market value of the property.

Frequently asked questions

What is the current guideline value of Pereri Street (Near Balliamman Koil)?

The current guideline value of Pereri Street (Near Balliamman Koil) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 392 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, with various increases and one decrease along the way.

What is the land classification of Pereri Street?

Pereri Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct fees are paid during the registration process.