Guideline Value for Perumal Koil Street (Colony)

Perumal Koil Street (Colony) guideline value

The current guideline value of Perumal Koil Street (Colony) is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Ariyalur village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Street (Colony) has changed

The guideline value register has no figures for Perumal Koil Street (Colony) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 1,002 per sq.ft.

There have been no changes between the revisions noted above. The 2024 revision is the first figure recorded for this street, and it is equal to the median guideline value for Ariyalur.

Guideline values in Ariyalur

In Ariyalur, there are 24 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,002 to Rs 1,008 per sq.ft, with a median of Rs 1,002 per sq.ft. The guideline value for Perumal Koil Street (Colony) aligns with this median.

• Perumal Koil Street 4th Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 3rd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,002 per sq.ft (2024)
• Periyar Nagar Colony Main Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (Colony)

For a 1,000 sq.ft plot at the current rate of Rs 1,002 per sq.ft, the guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, totaling Rs 90,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Perumal Koil Street (Colony)?

The Sub Registrar Office that covers Perumal Koil Street (Colony) 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 Ariyalur

The guideline value is a crucial factor when registering property transactions in Ariyalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (Colony)?

The current guideline value of Perumal Koil Street (Colony) is Rs 1,002 per sq.ft, effective from 1 July 2024.

What is the land classification for Perumal Koil Street (Colony)?

Perumal Koil Street (Colony) is classified as Residential Class I Type - I under the local land classification system.

Have there been any changes in the guideline value for this street in recent years?

There have been no recorded changes in the guideline value for Perumal Koil Street (Colony) since the register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What are the stamp duty rates applicable for properties in this area?

The stamp duty rate for properties in Perumal Koil Street (Colony) is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Perumal Koil Street (Colony) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.