Guideline Value for Perumal Koil 3rd Street

Perumal Koil 3rd Street guideline value

The current guideline value of Perumal Koil 3rd Street is Rs 150 per sq.ft. This street is located in Sengadu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Perumal Koil 3rd Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged in the 2017 revision, where it was reduced to Rs 100 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value returned to Rs 150 per sq.ft, reflecting a 50% increase from the previous figure. The current revision in 2024 also maintains this value at Rs 150 per sq.ft, indicating no change from the 2023 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the revisions we can account for are from 2012, 2017, 2023, and 2024.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 101 to Rs 500 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is the same as the guideline value for Perumal Koil 3rd Street.

• Perumal Koil Street: Rs 150 per sq.ft (2024)
• Pathiratchi Amman Koil Street: Rs 200 per sq.ft (2024)
• Port Homes: Rs 500 per sq.ft (2024)
• Puthumetu Street: Rs 150 per sq.ft (2024)
• Putru Koil Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumal Koil 3rd Street?

The Sub Registrar Office that covers Perumal Koil 3rd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Sengadu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value serves as a baseline for calculating these fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Perumal Koil 3rd Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Perumal Koil 3rd Street has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for Perumal Koil 3rd Street?

The land classification for Perumal Koil 3rd Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Perumal Koil 3rd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value is Rs 1,50,000, leading to specific fees based on this value.