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Guideline Value for Perumal Koil Street (Siruniyam Colony)

₹330/sq.ft.

The guideline value for Perumal Koil Street (siruniyam Colony) in Siruniyam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Siruniyam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /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 (siruniyam Colony)

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Perumal Koil Street (Siruniyam Colony) guideline value

The current guideline value of Perumal Koil Street (Siruniyam Colony) is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Siruniyam village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Koil Street (Siruniyam 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 300 per sq.ft in 2012. However, it saw a significant decrease to Rs 201 per sq.ft in 2017. The value then rose sharply to Rs 300 per sq.ft in 2023, and currently stands at Rs 330 per sq.ft as of the 2024 revision. The changes between these revisions include a 50% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that the register has no figure for Perumal Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 65%.

Guideline values in Siruniyam

In Siruniyam, there are 32 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of Perumal Koil Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Perumal Koil Street 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Siruniyam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This value is especially important as it protects both the buyer and seller by providing a fair assessment of the property's worth based on the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street (Siruniyam Colony) is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting a 65% increase over the years.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 29,700.

Which office handles property registrations in Siruniyam?

The Redhills Sub Registrar Office handles property registrations for Siruniyam, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the minimum registration value for property transactions and is essential for calculating stamp duty and registration fees during the buying or selling process.