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, effective from 1 July 2024. This street is located in Kolathur 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 seen several revisions over the years. In 2012, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft. However, from 2017 to 2023, the guideline value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this rate, resulting in 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. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which means that Perumal Koil Street's 2024 figure is below that median.

• Palla Street: Rs 100 per sq.ft (2024)
• Puthu Street: Rs 200 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 200 per sq.ft (2024)
• Rangaswamy Koil Street: Rs 150 per sq.ft (2024)
• Royal Paradise: Rs 250 per sq.ft (2024)
• RPG Global City: 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 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 fees to Rs 18,000. It is essential 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 Kolathur

The guideline value plays a crucial role in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, making the process transparent and straightforward.

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 since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

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

Other streets in Kolathur have varying guideline values. For example, Palla Street is Rs 100 per sq.ft, while Royal Paradise and RPG Global City are both Rs 250 per sq.ft in 2024.

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 a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.

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.