Guideline Value for Perumal Koil Street (S.No.69)

Perumal Koil Street (S.No.69) guideline value

The current guideline value of Perumal Koil Street (S.No.69) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under Residential Class III Type - II land classification.

How the guideline value of Perumal Koil Street (S.No.69) has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure decreased significantly to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 49%, reaching Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,300 per sq.ft, representing an 8% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, there has been an 8% increase in the guideline value.

Guideline values in Oragadam

Oragadam village has a total of 596 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current guideline value of Perumal Koil Street (S.No.69) below that median.

• Perumal Koil Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)
• Perumal Koil Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Perumal Koil Street Gandhi Nagar: Rs 1,800 per sq.ft (2024)
• Perumal Koil Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Perumal Kovil Street (Pudur): Rs 1,900 per sq.ft (2024)
• Periyar Street (V.L. Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (S.No.69)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Street (S.No.69)?

The Sub Registrar Office that covers Perumal Koil Street (S.No.69) is the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value as it affects the overall costs involved in the registration process. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (S.No.69)?

The current guideline value of Perumal Koil Street (S.No.69) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What are the guideline values for other streets in Oragadam?

Other streets in Oragadam have varying guideline values, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with the median being Rs 2,200 per sq.ft.

What is the registration fee for property in Perumal Koil Street (S.No.69)?

The registration fee for a property in Perumal Koil Street (S.No.69) is calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Where can I find the Sub Registrar Office for Perumal Koil Street (S.No.69)?

The Sub Registrar Office for Perumal Koil Street (S.No.69) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.