Guideline Value for Perumal Koil Street Gandhi Nagar

Perumal Koil Street Gandhi Nagar guideline value

The current guideline value of Perumal Koil Street in Gandhi Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Perumal Koil Street Gandhi Nagar has changed

The guideline value for Perumal Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,700 per sq.ft. This was followed by a decrease in 2017 to Rs 1,139 per sq.ft, marking a decline of 33%. In 2023, the value rose to Rs 1,700 per sq.ft, and then increased again in 2024 to Rs 1,800 per sq.ft, reflecting a 6% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a slight increase of 6%. The register has no figures for the years 2002, 2003, and 2007 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 Gandhi Nagar is below this median.

• Perumal Koil Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Perumal Koil Street (S.No.69): Rs 1,300 per sq.ft (2024)
• Perumal Koil Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)
• Perumal Koil Street (Venkateswara Nagar): Rs 1,600 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 Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, leading to a combined total of Rs 1,62,000. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Perumal Koil Street Gandhi Nagar?

The Sub Registrar Office that covers Perumal Koil Street Gandhi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. 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 when buying or selling property in Oragadam, as it determines the stamp duty and registration fees payable at the time of registration. Buyers should be aware that the guideline value serves as a benchmark for the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Perumal Koil Street Gandhi Nagar?

The current guideline value of Perumal Koil Street Gandhi Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 in 2023, and finally to Rs 1,800 in 2024.

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

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000.

Which office handles registrations for Perumal Koil Street Gandhi Nagar?

The Ambattur Sub Registrar Office handles registrations for Perumal Koil Street Gandhi Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Perumal Koil Street Gandhi Nagar?

The land classification for Perumal Koil Street Gandhi Nagar is Residential Class I Type - II.