Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 110 per sq.ft, effective from 1 July 2024. This street is located in Irumpedu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 100 per sq.ft. This value remained until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the value at Rs 110 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for Perumal Koil Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Irumpedu

In Irumpedu village, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value of these streets is Rs 200 per sq.ft, placing Perumal Koil Street's 2024 figure below that median.

• Rajiniganth Nagar: Rs 250 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Arun Nagar: Rs 250 per sq.ft (2024)
• Achari Street: Rs 100 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 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would amount to Rs 7,700, and the registration fee at 2% would be Rs 2,200, bringing the total fees to Rs 9,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Irumpedu. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When purchasing property, the guideline value helps ensure that the transaction reflects a fair value for tax purposes. It is essential to check the current guideline value to understand the financial implications involved in buying or selling property in Irumpedu.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 110 per sq.ft in 2024. This represents an overall increase of 10% from 2012 to 2024.

What are the other streets in Irumpedu and their guideline values?

Other streets in Irumpedu include Rajiniganth Nagar at Rs 250 per sq.ft, Nadu Street at Rs 110 per sq.ft, Sri Kamatchi Nagar at Rs 250 per sq.ft, Bajanai Koil Street at Rs 150 per sq.ft, Arun Nagar at Rs 250 per sq.ft, and Achari Street at Rs 100 per sq.ft, all for the year 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 at the current rate, the stamp duty would be Rs 7,700.

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

The Sub Registrar Office for Perumal Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the appropriate link.