Guideline Value for Perumal Koil St

Perumal Koil St guideline value

The current guideline value of Perumal Koil St in Perampakkam village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Perambakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Perumal Koil St has changed

The guideline value for Perumal Koil St has undergone several revisions over the years. The earliest recorded value is from 2007, where it was Rs 100 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value decreased to Rs 268 per sq.ft, a decline of 33%. The guideline value then rose again to Rs 400 per sq.ft in 2023, and it remained unchanged in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 300%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Perumal Koil St is above this median.

• Pettai St: Rs 350 per sq.ft (2024)
• Puttalaman Koil St (Pandaram St): Rs 350 per sq.ft (2024)
• Nallathamman Koil St: Rs 326 per sq.ft (2024)
• Mudaliar St: Rs 200 per sq.ft (2024)
• Sathya Sai Nagar: Rs 300 per sq.ft (2024)
• MGR Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil St

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to 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 more details.

Which Sub Registrar Office covers Perumal Koil St?

The Sub Registrar Office that covers Perumal Koil St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of properties in Perampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Perumal Koil St?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has been Rs 400 per sq.ft since 2023.

What is the median guideline value in Perampakkam?

The median guideline value in Perampakkam is Rs 350 per sq.ft, with Perumal Koil St's value being above this median at Rs 400 per sq.ft.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where can I find the Sub Registrar Office for Perumal Koil St?

The Sub Registrar Office for Perumal Koil St is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.