Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 103 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village, under the Acchirapakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 27 per sq.ft. This increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a substantial rise of 270%. The most recent revision in 2024 saw the value rise to Rs 103 per sq.ft, reflecting a 3% increase from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, there has been an increase of 281% in the guideline value.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 103 to Rs 115 per sq.ft. The median value for these streets is Rs 103 per sq.ft, which is the same as the 2024 figure for Perumal Koil Street.

• Pallikuda Street: Rs 103 per sq.ft (2024)
• Pudhupettai: Rs 103 per sq.ft (2024)
• Nadu Street: Rs 103 per sq.ft (2024)
• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Mela theru: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Street?

The Sub Registrar Office that covers Perumal Koil Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karasangal. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 27 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 103 per sq.ft in 2024, reflecting significant increases over the years.

What are the other streets in Karasangal with guideline values?

Other streets in Karasangal include Pallikuda Street, Pudhupettai, Nadu Street, Nadu Attrankarai Street, Mela theru, and Little India, with values ranging from Rs 103 to Rs 115 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Perumal Koil Street?

The Acchirapakkam Sub Registrar Office covers Perumal Koil Street, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Karasangal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.