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Guideline Value

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Guideline Value for Perumal Koil South lane

₹3300/sq.ft.

The guideline value for Perumal Koil South Lane in Saligramam village (Virugambakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹394 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹360 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 South Lane

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Perumal Koil South lane guideline value

The current guideline value for Perumal Koil South lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This lane is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Perumal Koil South lane has changed

The guideline value for Perumal Koil South lane has seen several revisions over the years. In 2002, the value was Rs 360 per sq.ft, which increased to Rs 394 per sq.ft in 2003, marking a 9% rise. The value continued to rise significantly, reaching Rs 850 per sq.ft in 2007, a notable increase of 116%. The 2012 revision saw the value at Rs 3,000 per sq.ft, reflecting a substantial 253% increase from the previous revision.

From 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. However, this was followed by a significant increase to Rs 3,000 per sq.ft in 2023, and then to the current value of Rs 3,300 per sq.ft in 2024, representing a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 817%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Perumal Koil South lane's 2024 figure below this median.

Stamp duty and registration fee for property in Perumal Koil South lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. 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 further calculations.

Which Sub Registrar Office covers Perumal Koil South lane?

The Sub Registrar Office covering Perumal Koil South lane 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 information.

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

The guideline value plays a crucial role during the registration process of property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid any legal complications.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Perumal Koil South lane?

The current guideline value for Perumal Koil South lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 360 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 817% over this period.

What is the land classification for Perumal Koil South lane?

The land classification for Perumal Koil South lane is Residential Class III Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Perumal Koil South lane 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, a 1,000 sq.ft plot at the current guideline value would incur specific fees totaling Rs 2,97,000.