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Guideline Value

Corporate

Guideline Value for Perumal Koil Garden

₹4400/sq.ft.

The guideline value for Perumal Koil Garden in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.11, Davidson Street, Sowcarpet, Chennai-01
044-25228102
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Perumal Koil Garden

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Perumal Koil Garden guideline value

The current guideline value of Perumal Koil Garden is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Muthiyalpet village, under the Sowcarpet SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Garden has changed

Over the years, the guideline value of Perumal Koil Garden has seen significant fluctuations. The 2007 revision recorded a guideline value of Rs 1,200 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 233%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The guideline value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, an increase of 10% from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a total increase of 267%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Muthiyalpet

Muthiyalpet village has a total of 357 streets under the Sowcarpet SRO, with the 2024 guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value for the village is Rs 4,400 per sq.ft, which is equal to the current value of Perumal Koil Garden.

Stamp duty and registration fee for property in Perumal Koil Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Perumal Koil Garden?

The Sub Registrar Office that covers Perumal Koil Garden is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

Additionally, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. Understanding the guideline value helps in budgeting for these expenses effectively.

Frequently asked questions

What is the current guideline value of Perumal Koil Garden?

The current guideline value of Perumal Koil Garden is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the stamp duty and registration fees for property in Perumal Koil Garden?

For a 1,000 sq.ft property, the total stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000 based on the current guideline value.

Which office handles property registrations in Perumal Koil Garden?

The Sowcarpet Sub Registrar Office handles property registrations for Perumal Koil Garden, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

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

The guideline value is essential as it determines the minimum price for property registration and is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.