Guideline Value for Perumal Koil 1st Street

Perumal Koil 1st Street guideline value

The current guideline value of Perumal Koil 1st Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Perumal Koil 1st Street has changed

The guideline value for Perumal Koil 1st Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 700%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then rose significantly to Rs 2,000 per sq.ft in 2023, followed by another increase to Rs 2,160 per sq.ft in 2024, which is an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 764%.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 2,160 per sq.ft, which is the same as the current guideline value for Perumal Koil 1st Street.

• Perumal Koil 2nd Street: Rs 2,160 per sq.ft (2024)
• Perumal Koil Cross St: Rs 2,160 per sq.ft (2024)
• Periya Street: Rs 2,420 per sq.ft (2024)
• Perumal Koil Street: Rs 2,160 per sq.ft (2024)
• Periyar Nagar 3rd Street: Rs 2,160 per sq.ft (2024)
• Periyar Nagar 2nd Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, making the total cost for stamp duty and registration fees Rs 1,94,400. Please note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Perumal Koil 1st Street?

The Sub Registrar Office that covers Perumal Koil 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Nemilicherry, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable to the transaction. The guideline value is set by the government and reflects the minimum value at which property can be registered.

It is important for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the property transaction. This value is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Perumal Koil 1st Street?

The current guideline value of Perumal Koil 1st Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, with a total increase of 764% from Rs 250 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024.

What are the other streets in Nemilicherry with the same guideline value?

Other streets in Nemilicherry with the same guideline value of Rs 2,160 per sq.ft include Perumal Koil 2nd Street, Perumal Koil Cross St, Perumal Koil Street, Periyar Nagar 2nd Street, and Periyar Nagar 3rd Street.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Perumal Koil 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200.