Guideline Value for Peririyamman Koil Street

Peririyamman Koil Street guideline value

The current guideline value of Peririyamman Koil Street is Rs 1,100 per sq.ft. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Peririyamman Koil Street has changed

The guideline value for Peririyamman Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, indicating that Peririyamman Koil Street's 2024 figure is below this median.

• Patel Street: Rs 1,100 per sq.ft (2024)
• Periyar Street: Rs 1,100 per sq.ft (2024)
• Periyar Street Vinayagar Nagar: Rs 1,650 per sq.ft (2024)
• Perumal Street: Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Peririyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Peririyamman Koil Street?

The Sub Registrar Office that covers Peririyamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Pozhichalur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. This value is used to determine the applicable taxes and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Peririyamman Koil Street?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty rates for properties in Peririyamman Koil Street?

The stamp duty for properties in Peririyamman Koil Street is charged at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in Peririyamman Koil Street is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Peririyamman Koil Street?

The Sub Registrar Office for Peririyamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.