Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Amarampedu village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Perumal Koil Street has changed

Over the years, the guideline value for Perumal Koil Street has seen various revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 350 per sq.ft, a figure that was maintained in the 2023 revision. The current 2024 revision also retains this value at Rs 350 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for Perumal Koil Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 350 per sq.ft.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Perumal Koil Street is above this median, reflecting its standing within the village.

• Pillaiyar Koil Street: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 2: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 1: Rs 350 per sq.ft (2024)
• Parvathi Nagar Extn: Rs 350 per sq.ft (2024)
• Pachaiamman Koil Street: Rs 150 per sq.ft (2024)
• N.S.C. Bose Street: Rs 150 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total cost for these fees to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil Street?

The Sub Registrar Office that covers Perumal Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must consider this value to comply with legal requirements and avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2012 to 2024, with a drop to Rs 234 per sq.ft in 2017, followed by an increase back to Rs 350 per sq.ft in 2023.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Special Type - I, indicating its designated use within the village.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Perumal Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Amarampedu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 at a rate of 7%.