Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street in Karunagaracheri village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur Sub Registrar Office (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 of Perumal Koil Street has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, which was also the figure in the previous revision of 2023. Notably, there were no changes recorded from 2023 to 2024. Looking back further, the guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a significant rise of 49%. However, from 2012 to 2017, there was a decrease of 33%, with the value remaining at Rs 200 per sq.ft in both 2012 and 2024. Overall, from 2012 to 2024, there has been no change in the guideline value.

The register does not provide figures for the years 2002, 2003, and 2007 for Perumal Koil Street.

Guideline values in Karunagaracheri

In Karunagaracheri, there are 11 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value across these streets is Rs 200 per sq.ft, which is equal to the guideline value of Perumal Koil Street.

• Narayanapuram: Rs 200 per sq.ft (2024)
• Sasthapuri: Rs 200 per sq.ft (2024)
• Manthillaiyamman Koil Street: Rs 100 per sq.ft (2024)
• Sree Karunambigai Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 300 per sq.ft (2024)
• Azhagar City: Rs 200 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 amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000 and the registration fee at 2% would be Rs 4,000, making the total cost for these charges Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. 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 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 Karunagaracheri

The guideline value plays a crucial role during the registration of property transactions in Karunagaracheri. It is used to calculate the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When a property is sold, the guideline value serves as a reference to ensure that the transaction is recorded accurately. This helps maintain transparency in property transactions and ensures compliance with local regulations.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

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

Other streets in Karunagaracheri include Narayanapuram, Sasthapuri, Manthillaiyamman Koil Street, Sree Karunambigai Nagar, Vetri Nagar, and Azhagar City, with values ranging from Rs 100 to Rs 300 per sq.ft.

How is stamp duty calculated for properties in Perumal Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total guideline value of Rs 2,00,000, with stamp duty and registration fees totaling Rs 18,000.

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

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.