Guideline Value for Perumal Koil Street (Venkateswara Nagar)

Perumal Koil Street (Venkateswara Nagar) guideline value

The current guideline value of Perumal Koil Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and falls under Residential Class II Type - I land classification.

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

The guideline value for Perumal Koil Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 200% increase. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in the 2023 revision, followed by another increase to the current Rs 1,600 per sq.ft in the 2024 revision, which is a 7% rise.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 220%. The register has no figures for the revisions in 2002 and 2003 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 of Perumal Koil Street (Venkateswara Nagar) is below this median.

• Perumal Koil Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)
• Perumal Koil Street (S.No.69): Rs 1,300 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 (Venkateswara Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Perumal Koil Street (Venkateswara Nagar)?

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

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value serves as a benchmark for property valuation, helping buyers and sellers to understand the worth of a property in the current market. It is essential to refer to the latest guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (Venkateswara Nagar)?

The current guideline value of Perumal Koil Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 220% over the years.

What is the registration office for Perumal Koil Street?

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

How is stamp duty calculated for properties in Perumal Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,12,000.

What are the other guideline values in Oragadam?

In Oragadam, the guideline values for other streets range from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, while Perumal Koil Street (Venkateswara Nagar) is currently valued at Rs 1,600 per sq.ft.