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Guideline Value

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Guideline Value for Perumal Koil Steet (PANNEERVAKKAM)

₹385/sq.ft.

The guideline value for Perumal Koil Steet (panneervakkam) in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 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

Padiyanallur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Steet (panneervakkam)

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Perumal Koil Steet (PANNEERVAKKAM) guideline value

The current guideline value of Perumal Koil Steet (PANNEERVAKKAM) is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village and falls under the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Perumal Koil Steet (PANNEERVAKKAM) has changed

The guideline value for Perumal Koil Steet (PANNEERVAKKAM) has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 350 per sq.ft in 2012, marking a significant rise of 75%. However, in 2017, the value decreased to Rs 234 per sq.ft, a drop of 33%. The value then rose to Rs 350 per sq.ft in 2023, and finally to Rs 385 per sq.ft in 2024, which is an increase of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 93%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Padiyanallur

Padiyanallur village has a total of 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, making the current rate for Perumal Koil Steet (PANNEERVAKKAM) below the median.

Stamp duty and registration fee for property in Perumal Koil Steet (PANNEERVAKKAM)

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. 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 Steet (PANNEERVAKKAM)?

The Sub Registrar Office covering Perumal Koil Steet (PANNEERVAKKAM) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Padiyanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Perumal Koil Steet (PANNEERVAKKAM)?

The current guideline value of Perumal Koil Steet (PANNEERVAKKAM) is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, showing an overall increase of 93% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,85,000. The stamp duty at 7% is Rs 26,950, and the registration fee at 2% is Rs 7,700, totaling Rs 34,650.

Which office handles registrations for properties in this area?

The Redhills Sub Registrar Office handles registrations for properties in Perumal Koil Steet (PANNEERVAKKAM), located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for determining the minimum registration value of a property. It ensures the government receives the appropriate stamp duty and registration fees during property transactions.