Guideline Value for Perumal Koil Madaveethi

Perumal Koil Madaveethi guideline value

The current guideline value of Perumal Koil Madaveethi is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Madaveethi has changed

The guideline value for Perumal Koil Madaveethi has seen significant changes over the years. In 2002, the value was Rs 436 per sq.ft, which increased to Rs 473 per sq.ft in 2003, marking an 8% rise. The value then saw a substantial increase to Rs 800 per sq.ft in 2007, representing a 69% change. Following this, the value jumped dramatically to Rs 5,000 per sq.ft in 2012, a remarkable 525% increase. However, it decreased to Rs 3,350 per sq.ft in 2017, reflecting a 33% drop. The value then rose again to Rs 5,000 per sq.ft in 2023, and most recently, it increased to Rs 5,500 per sq.ft in 2024, a 10% change.

Overall, from 2002 to 2024, the guideline value has increased by 1161%. The register has no figures for the years not mentioned in this summary.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, and the guideline value for Perumal Koil Madaveethi is above this median.

• Perumal Koil Street (Sannathi Street): Rs 5,500 per sq.ft (2024)
• Periyar Nagar (Thathankuppam Main Road): Rs 3,800 per sq.ft (2024)
• Periyar Nagar 4th Street and other Streets: Rs 3,800 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 5,500 per sq.ft (2024)
• Pereri Street (Near Balliamman Koil): Rs 3,800 per sq.ft (2024)
• Poompugar Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Madaveethi

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Madaveethi?

The Sub Registrar Office that covers Perumal Koil Madaveethi is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Konnur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the expected transaction costs. It's important for buyers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil Madaveethi?

The current guideline value of Perumal Koil Madaveethi is Rs 5,500 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 436 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1161% over the years.

What is the median guideline value of streets in Konnur?

The median guideline value for streets in Konnur is Rs 3,800 per sq.ft, with Perumal Koil Madaveethi's value being above this median.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Perumal Koil Madaveethi located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.