Guideline Value for Perumal Koil Cross Street

Perumal Koil Cross Street guideline value

The current guideline value of Perumal Koil Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Cross Street has changed

The guideline value for Perumal Koil Cross Street has undergone several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, it then decreased to Rs 938 per sq.ft in 2017. The value saw a substantial rise to Rs 1,400 per sq.ft in 2023, and further increased by 10% to Rs 1,540 per sq.ft in the 2024 revision.

From 2007 to 2024, the overall increase in the guideline value is 927%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is the same as the guideline value for Perumal Koil Cross Street.

• Perumal Koil 3rd Cross Road: Rs 1,540 per sq.ft (2024)
• Perumal Koil Ist Cross Road: Rs 1,540 per sq.ft (2024)
• Perumal Koil Main Road: Rs 1,540 per sq.ft (2024)
• Perumal Koil 2nd Cross Road: Rs 1,540 per sq.ft (2024)
• Perumal Koil street: Rs 1,540 per sq.ft (2024)
• Paulvadi Street: Rs 1,540 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost Rs 1,38,600. 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 more information.

Which Sub Registrar Office covers Perumal Koil Cross Street?

The Sub Registrar Office that covers Perumal Koil Cross Street 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 Thiruverkadu

The guideline value is a crucial factor during the registration process of buying or selling property in Thiruverkadu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of Perumal Koil Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, increasing from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 927% from 2007 to 2024.

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

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles property registration for Perumal Koil Cross Street?

The Kunrathur Sub Registrar Office handles property registration for Perumal Koil Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that the government receives the appropriate revenue from these transactions.