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 Mannoor village, under the Sriperumpudur SRO, 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 seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was Rs 134 per sq.ft, indicating a decrease of 33% from the 2012 figure. The 2023 revision again maintained the value at Rs 200 per sq.ft, and the 2024 revision also kept it at Rs 200 per sq.ft, showing no change from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value, remaining at Rs 200 per sq.ft.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making the current value of Perumal Koil Street below that median.

• Polatchiyamman Koil Street: Rs 200 per sq.ft (2024)
• Poonthottam Street: Rs 200 per sq.ft (2024)
• Palvadi Street: Rs 200 per sq.ft (2024)
• Pallikuda Street: Rs 200 per sq.ft (2024)
• Pachiappan Nagar: Rs 250 per sq.ft (2024)
• Rajaji Nagar: Rs 500 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, making the total fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and 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 Mannoor

The guideline value is a crucial factor during the registration of property transactions in Mannoor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller comply with legal requirements.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This means that even if the sale price is lower than the guideline value, the duty will be calculated based on the guideline value, ensuring a standardised approach to property transactions.

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 previous value of Rs 134 per sq.ft in 2017. There was a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

What is the median guideline value in Mannoor?

The median guideline value for streets in Mannoor is Rs 250 per sq.ft, while Perumal Koil Street's value is below this median.

What are the stamp duty rates for property in Perumal Koil Street?

The stamp duty for property in Perumal Koil Street is 7%, and the registration fee is 2% 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 located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.