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Guideline Value

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Guideline Value for Perumal Koil Street (PANNEERVAKKAM COLONY)

₹385/sq.ft.

The guideline value for Perumal Koil Street (panneervakkam Colony) 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 Street (panneervakkam Colony)

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Perumal Koil Street (PANNEERVAKKAM COLONY) guideline value

The current guideline value of Perumal Koil Street (PANNEERVAKKAM COLONY) is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Padiyanallur village, under the Redhills SRO, and is classified as Residential Class III Type - I.

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

The guideline value for Perumal Koil Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it then decreased by 33% to Rs 234 per sq.ft in 2017. The 2023 revision set the value at Rs 350 per sq.ft, which saw a 10% increase to Rs 385 per sq.ft in the 2024 revision.

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

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO, with guideline values ranging from Rs 385 to Rs 2,750 per sq.ft. The median value is Rs 770 per sq.ft, placing Perumal Koil Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 385 per sq.ft, the 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, totaling Rs 34,650. 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 more details.

Which Sub Registrar Office covers Perumal Koil Street (PANNEERVAKKAM COLONY)?

The Sub Registrar Office that covers Perumal Koil Street (PANNEERVAKKAM 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 Padiyanallur

The guideline value is a crucial factor in the registration of property transactions in Padiyanallur. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are based on a standardized valuation.

It is important for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 200 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 93% over this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 3,85,000, the stamp duty would be Rs 26,950, and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Perumal Koil Street (PANNEERVAKKAM COLONY), located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Are there other streets in Padiyanallur with different guideline values?

Yes, there are several other streets in Padiyanallur with varying guideline values, ranging from Rs 385 to Rs 2,750 per sq.ft, with a median value of Rs 770 per sq.ft.