Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 200 per sq.ft. This street is located in Ayakolathur village, under the Sriperumpudur SRO, and is classified as Residential Class II 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 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 134 per sq.ft, marking a decrease of 33% from the previous revision. The 2023 revision again set the value at Rs 200 per sq.ft, showing a significant increase of 49% from 2017. The most recent revision in 2024 has kept the value at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the changes in guideline value are only reflected from the revisions in 2012, 2017, 2023, and 2024.

Guideline values in Ayakolathur

In Ayakolathur, there are 15 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft, with the median being Rs 200 per sq.ft. Perumal Koil Street's 2024 guideline value aligns with this median.

• Rajiv Gandhi Street: Rs 150 per sq.ft (2024)
• M.G.R Street: Rs 200 per sq.ft (2024)
• Main Road: Rs 700 per sq.ft (2024)
• Sri Arulmigu Sri Arunchala Nagar: Rs 500 per sq.ft (2024)
• Sri chakkra town: Rs 300 per sq.ft (2024)
• Kakkajji 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that the 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 detailed calculations.

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 Ayakolathur

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

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial obligations involved in 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 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in 2024, which is the same as in 2023. The value increased by 49% from Rs 134 per sq.ft in 2017 to 2023.

What are the other streets in Ayakolathur with their guideline values?

Other streets in Ayakolathur include Rajiv Gandhi Street at Rs 150 per sq.ft, M.G.R Street at Rs 200 per sq.ft, and Main Road at Rs 700 per sq.ft, among others.

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

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

Where is the Sub Registrar Office for Perumal Koil Street located?

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