Guideline Value for Perumal Koil Street East

Perumal Koil Street East guideline value

The current guideline value of Perumal Koil Street East is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Perumal Koil Street East has changed

The guideline value for Perumal Koil Street East has undergone several revisions over the years. In the 2017 revision, the value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 62%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with 2024 guideline values ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the current figure for Perumal Koil Street East.

• Perumal Koil street West: Rs 1,300 per sq.ft (2024)
• Perumal Kovil Street: Rs 1,300 per sq.ft (2024)
• P.K.M.Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,200 per sq.ft (2024)
• Ponniamman Nagar: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 2st Cross Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street East

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Street East?

The Sub Registrar Office that covers Perumal Koil Street East 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 44.Ayanambakkam

The guideline value is a critical factor in the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately and fairly.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil Street East?

The current guideline value of Perumal Koil Street East is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,300 per sq.ft in 2024. This represents an overall increase of 62% from 2017 to 2024.

What is the registration office for Perumal Koil Street East?

The registration office for Perumal Koil Street East is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the stamp duty rate applicable?

The stamp duty rate applicable for property transactions is 7% of the guideline value or the sale price, whichever is higher.

Are there any revisions without figures for this street?

Yes, the guideline value register has no figures for the years 2002, 2003, 2007, and 2012 for Perumal Koil Street East.