Guideline Value for Perumal Koil 2nd Street - Lane

Perumal Koil 2nd Street - Lane guideline value

The current guideline value of Perumal Koil 2nd Street - Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it is classified as Residential Special Type - II.

How the guideline value of Perumal Koil 2nd Street - Lane has changed

Over the years, the guideline value for Perumal Koil 2nd Street - Lane has experienced several revisions. The earliest recorded figure is from 2012, where it was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 3,200 per sq.ft. The latest revision in 2024 has seen another increase of 10%, bringing the current value to Rs 3,520 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, indicating that Perumal Koil 2nd Street - Lane's 2024 figure is below this median.

• Perumal Koil 2nd Street: Rs 3,520 per sq.ft (2024)
• Perumal Koil 1st Street: Rs 3,520 per sq.ft (2024)
• Perumal koil Sandu: Rs 3,520 per sq.ft (2024)
• Perumal koil Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil 1st Cross Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil 2nd Street - Lane

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil 2nd Street - Lane?

The Sub Registrar Office that covers Perumal Koil 2nd Street - Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Porur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any potential issues that may arise due to undervaluation or overvaluation of the property.

Frequently asked questions

What is the current guideline value of Perumal Koil 2nd Street - Lane?

The current guideline value of Perumal Koil 2nd Street - Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for Perumal Koil 2nd Street - Lane?

Perumal Koil 2nd Street - Lane is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.