Guideline Value for Perumal Koil Street (ward 4)

Perumal Koil Street (ward 4) guideline value

The current guideline value of Perumal Koil Street (ward 4) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village and falls under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Perumal Koil Street (ward 4) has changed

The guideline value for Perumal Koil Street (ward 4) has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, where it was Rs 1,206 per sq.ft. This value increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Perumal Koil Street's 2024 figure below that median.

• Perumal Koil Street (ward 7): Rs 1,980 per sq.ft (2024)
• Periyar Salai: Rs 1,980 per sq.ft (2024)
• Pichaiamman Nagar: Rs 3,300 per sq.ft (2024)
• Pattammal Garden Extension - I: Rs 4,105 per sq.ft (2024)
• Pattammal Garden: Rs 2,750 per sq.ft (2024)
• Paraniputhur Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street (ward 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Street (ward 4)?

Perumal Koil Street (ward 4) is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall costs involved in the transaction. Buyers and sellers should ensure that the sale price is in accordance with the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Perumal Koil Street (ward 4)?

The current guideline value of Perumal Koil Street (ward 4) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft in 2024. This indicates a total increase of 64% from 2017 to 2024.

What is the land classification for Perumal Koil Street (ward 4)?

Perumal Koil Street (ward 4) is classified as Residential Class II Type - II. This classification affects the guideline value and the potential use of the land.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Perumal Koil Street (ward 4)?

Stamp duty is calculated at 7% of 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 1,38,600.