Guideline Value for Perumal Koil Cross St

Perumal Koil Cross St guideline value

The current guideline value of Perumal Koil Cross St 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 Cross St has changed

The guideline value for Perumal Koil Cross St has seen several revisions over the years. The 2007 revision set the guideline value at Rs 250 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, in the following revision in 2017, the value dropped to Rs 1,340 per sq.ft. The 2023 revision raised it to Rs 2,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 2,160 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 is an 8% increase. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value range from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,160 per sq.ft, which is equal to the current guideline value of Perumal Koil Cross St.

• Perumal Koil 2nd Street: Rs 2,160 per sq.ft (2024)
• Perumal Koil 1st Street: 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 Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200. Together, the total cost for stamp duty and registration fee would be Rs 1,94,400. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Cross St?

The Sub Registrar Office that covers Perumal Koil Cross St 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

The guideline value is a crucial factor in property transactions in Nemilicherry. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property in the area.

When registering a property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of this value. Therefore, understanding the guideline value is essential for buyers and sellers to ensure compliance with legal requirements and to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Perumal Koil Cross St?

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, reflecting various revisions in between.

What is the registration office for Perumal Koil Cross St?

The registration office for Perumal Koil Cross St is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty rates applicable?

The stamp duty for property transactions in Perumal Koil Cross St is charged at 7% of the guideline value or the sale price, whichever is higher.

How many streets in Nemilicherry have a guideline value?

There are 172 streets in Nemilicherry under the Pallavaram SRO that carry a guideline value, with rates ranging from Rs 1,100 to Rs 3,300 per sq.ft.