Guideline Value for Perumal Koil Street (Sannathi Street)

Perumal Koil Street (Sannathi Street) guideline value

The current guideline value of Perumal Koil Street (Sannathi Street) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Perumal Koil Street has seen several revisions over the years. In 2002, the guideline value was Rs 436 per sq.ft, which increased to Rs 473 per sq.ft in 2003, marking an 8% rise. The value then rose significantly to Rs 800 per sq.ft in 2007, reflecting a 69% increase. Following this, the value surged to Rs 5,000 per sq.ft in 2012, a substantial 525% increase. However, it decreased to Rs 3,350 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and finally, it reached Rs 5,500 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1161%. There are no figures available for the revisions in years other than those listed.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value of Perumal Koil Street (Sannathi Street) is above this median.

• Perumal Koil Madaveethi: Rs 5,500 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 5,500 per sq.ft (2024)
• Periyar Nagar (Thathankuppam Main Road): Rs 3,800 per sq.ft (2024)
• Periyar Nagar 4th Street and other Streets: Rs 3,800 per sq.ft (2024)
• Pereri Street (Near Balliamman Koil): Rs 3,800 per sq.ft (2024)
• Poompugar Nagar: Rs 5,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Perumal Koil Street (Sannathi Street) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Konnur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the correct revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street (Sannathi Street) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 436 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1161% over this period.

What is the land classification for Perumal Koil Street?

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

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

The Konnur Sub Registrar Office covers Perumal Koil Street and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for property transactions in Konnur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current stamp duty rate is 7%, with an additional registration fee of 2% applicable.