Guideline Value for Perumal Koil 3rd Cross Street

Perumal Koil 3rd Cross Street guideline value

The current guideline value of Perumal Koil 3rd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village under the Adayar SRO, classified as Residential Class IV Type - III.

How the guideline value of Perumal Koil 3rd Cross Street has changed

The guideline value for Perumal Koil 3rd Cross Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 1,003 per sq.ft. It increased to Rs 1,750 per sq.ft in 2007, followed by a rise to Rs 3,000 per sq.ft in 2012. However, in 2017, the value dropped to Rs 2,010 per sq.ft. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision increased it to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 229%. The changes between revisions include a 74% increase from 2003 to 2007, a 71% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a significant 49% increase from 2017 to 2023.

Guideline values in Pallipattu

Pallipattu village has 72 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 9,400 per sq.ft, making the guideline value of Perumal Koil 3rd Cross Street below the median.

• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Polytechnic 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Polytechnic Main Road: Rs 3,900 per sq.ft (2024)
• Polytechnic Road: Rs 3,900 per sq.ft (2024)
• Nehru Nagar 4th Street: Rs 9,400 per sq.ft (2024)
• Nehru Nagar 4th Main Road: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total Rs 2,97,000. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Perumal Koil 3rd Cross Street?

The Sub Registrar Office that covers Perumal Koil 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallipattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Perumal Koil 3rd Cross Street?

The current guideline value of Perumal Koil 3rd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,003 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 229% over this period.

What is the registration office for Perumal Koil 3rd Cross Street?

The registration office for Perumal Koil 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Pallipattu?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.

What is the median guideline value in Pallipattu?

The median guideline value for streets in Pallipattu is Rs 9,400 per sq.ft, with Perumal Koil 3rd Cross Street's value being below this median at Rs 3,300 per sq.ft.