Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village under the Sriperumpudur SRO and is classified as Residential Class III 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 Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Katrampakkam

In Katrampakkam village, there are 41 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the guideline value of Perumal Koil Street.

• Poongavanaththamman Koil Street: Rs 250 per sq.ft (2024)
• Pallavan Nagar: Rs 500 per sq.ft (2024)
• Pakiya Nagar: Rs 300 per sq.ft (2024)
• Quidemillath Nagar: Rs 250 per sq.ft (2024)
• New Bank of India Colony: Rs 300 per sq.ft (2024)
• Ram Nagar: Rs 250 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 of Rs 250 per sq.ft, the guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or 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 Katrampakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Katrampakkam. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid at the time of transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the appropriate fees are collected. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Perumal Koil Street has seen fluctuations, with the 2012 revision at Rs 250 per sq.ft, dropping to Rs 167 per sq.ft in 2017, and then returning to Rs 250 per sq.ft in 2023 and 2024.

What other streets have similar guideline values in Katrampakkam?

Other streets in Katrampakkam with similar guideline values include Poongavanaththamman Koil Street and Quidemillath Nagar, both at Rs 250 per sq.ft in 2024.

What fees are associated with buying property in Perumal Koil Street?

When buying property in Perumal Koil Street, fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the 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 located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.