Guideline Value for Perumal Koil Street (S.V.Nagar )

Perumal Koil Street (S.V.Nagar ) guideline value

The current guideline value of Perumal Koil Street (S.V.Nagar ) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Perumal Koil Street (S.V.Nagar ) has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,206 per sq.ft. The value remained at Rs 1,800 per sq.ft until the 2023 revision, which increased it to Rs 1,900 per sq.ft, reflecting a 6% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a modest increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Perumal Koil Street (S.V.Nagar ) is below this median.

• Perumal Koil Street (S.No.69): Rs 1,300 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.V.Nagar )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. 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 information.

Which Sub Registrar Office covers Perumal Koil Street (S.V.Nagar )?

The Sub Registrar Office that covers Perumal Koil Street (S.V.Nagar ) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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 minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the buyer and seller must use the guideline value to calculate the applicable fees. This ensures transparency and helps prevent undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (S.V.Nagar )?

The current guideline value of Perumal Koil Street (S.V.Nagar ) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, with notable increases in 2023 and 2017 revisions.

What is the land classification for Perumal Koil Street (S.V.Nagar )?

The land classification for Perumal Koil Street (S.V.Nagar ) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Perumal Koil Street (S.V.Nagar ) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 1,33,000.