Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kidangarai village and falls under the Salavakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Perumal Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 60 per sq.ft. This increased to Rs 40 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 150%, stabilizing at Rs 100 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

The guideline value register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 67% from 2012 to 2024.

Guideline values in Kidangarai

In Kidangarai, there are three streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft, with a median of Rs 101 per sq.ft. Perumal Koil Street's 2024 figure is below this median.

• Pillaiyar koil Street: Rs 101 per sq.ft (2024)
• Ganapathi Puram: Rs 102 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, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making a total of Rs 9,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kidangarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with local regulations and helps in the accurate calculation of taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 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 60 per sq.ft in 2012 to Rs 40 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and remains the same in 2024.

What are the guideline values of other streets in Kidangarai?

Other streets in Kidangarai under the Salavakkam SRO have guideline values of Rs 101 per sq.ft for Pillaiyar koil Street and Rs 102 per sq.ft for Ganapathi Puram as of 2024.

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

The stamp duty for property in Perumal Koil Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this would amount to Rs 7,000.

Which office handles the registration for Perumal Koil Street?

The Salavakkam Sub Registrar Office handles the registration for Perumal Koil Street. It is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.