Guideline Value for Perumal Koil St. (Kannada Palayam)

Perumal Koil St. (Kannada Palayam) guideline value

The current guideline value for Perumal Koil St. (Kannada Palayam) is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Perumal Koil St. (Kannada Palayam) has changed

The guideline value for Perumal Koil St. (Kannada Palayam) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 141%, bringing the value to Rs 807 per sq.ft. The 2024 revision maintained this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft as of 2024. The median guideline value for these streets is Rs 870 per sq.ft, positioning Perumal Koil St. (Kannada Palayam) below this median.

• Pilliyar Chothry Street (Kannada Paalayam): Rs 807 per sq.ft (2024)
• Pilliyar Koil st. (Kannada palayam): Rs 807 per sq.ft (2024)
• Platinum City: Rs 2,900 per sq.ft (2024)
• Pompozhil Nagar Ananthavinayagar Koil Street: Rs 1,200 per sq.ft (2024)
• Pompozhil Nager Alli Street: Rs 1,100 per sq.ft (2024)
• Pompozhil Nager Anna Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil St. (Kannada Palayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, while the registration fee at 2% would be Rs 16,140, bringing the total cost for these fees to Rs 72,630. It is essential 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 details.

Which Sub Registrar Office covers Perumal Koil St. (Kannada Palayam)?

The Sub Registrar Office that covers Perumal Koil St. (Kannada Palayam) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil St. (Kannada Palayam)?

The current guideline value of Perumal Koil St. (Kannada Palayam) is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 807 per sq.ft in 2024, with notable increases over the years, particularly a 141% increase from 2017 to 2023.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Perumal Koil St. (Kannada Palayam), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for this street?

For a property valued at Rs 8,07,000, the stamp duty would be Rs 56,490 and the registration fee would be Rs 16,140, totaling Rs 72,630.

What is the land classification of Perumal Koil St. (Kannada Palayam)?

Perumal Koil St. (Kannada Palayam) is classified as Residential Class III Type - II.