Guideline Value for Perumal Koil Sannathi Street

Perumal Koil Sannathi Street guideline value

The current guideline value of Perumal Koil Sannathi Street is Rs 4,400 per sq.ft. This street is located in Saligramam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Perumal Koil Sannathi Street has changed

The guideline value has undergone several revisions over the years. In 2002, the value was Rs 412 per sq.ft, which increased to Rs 450 per sq.ft in 2003. The value saw a significant rise to Rs 850 per sq.ft in 2007, followed by a further increase to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, effective from 1 July 2024.

The changes between the revisions indicate a +9% increase from 2002 to 2003, a +89% increase from 2003 to 2007, a +371% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +968%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Perumal Koil Sannathi Street.

• Perumal Koil South lane: Rs 3,300 per sq.ft (2024)
• Perumal Koil North Street: Rs 3,850 per sq.ft (2024)
• Perumal Koil South Street: Rs 4,950 per sq.ft (2024)
• Perumal Koil Street: Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil North Street: Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil sannathi Street: Rs 4,400 per sq.ft (2024)

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

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, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Sannathi Street?

The Sub Registrar Office that covers Perumal Koil Sannathi Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It helps in determining the stamp duty and registration fees applicable on the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the correct amounts are paid based on the established rates. This process is essential for maintaining transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of Perumal Koil Sannathi Street 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 over the years, from Rs 412 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +968%.

What is the classification of land on Perumal Koil Sannathi Street?

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

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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 the current rate, the total guideline value would be Rs 44,00,000, leading to specific fees based on this amount.