Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,100 per sq.ft. This street is located in Tharapakkam village under the Pammal SRO, 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. The 2017 revision set the value at Rs 670 per sq.ft. In 2023, this value increased to Rs 1,000 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tharapakkam

Tharapakkam village has a total of 47 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Perumal Koil Street.

• Pillaiyar Koil Street: Rs 1,100 per sq.ft (2024)
• Raja Koil Street (Ward 6): Rs 1,100 per sq.ft (2024)
• Raja Koil Street (Ward 9): Rs 1,100 per sq.ft (2024)
• R.G.M Nagar: Rs 1,100 per sq.ft (2024)
• M.G.R. Street: Rs 880 per sq.ft (2024)
• Mettu Street: Rs 880 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 guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 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 Tharapakkam

The guideline value is an important factor in the registration process when buying or selling property in Tharapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation set by the government.

When a property transaction occurs, the higher of the guideline value or the sale price is used to determine the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the stamp duty rate for property in Perumal Koil Street?

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

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

The Sub Registrar Office for Perumal Koil Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the other streets in Tharapakkam with the same guideline value?

Other streets in Tharapakkam with a guideline value of Rs 1,100 per sq.ft include Pillaiyar Koil Street, Raja Koil Street (Ward 6), Raja Koil Street (Ward 9), and R.G.M Nagar.