Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B 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

In the 2023 revision, the guideline value for Perumal Koil Street was Rs 400 per sq.ft. The 2024 revision maintains this figure, showing no change with a percentage increase of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has remained stable at Rs 400 per sq.ft from 2023 to 2024. The absence of figures in previous revisions indicates that this street has not undergone any documented changes in guideline value for those years.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which aligns with the current value of Perumal Koil Street.

• Peyaridapadatha Manaipirivu: Rs 1,320 per sq.ft (2024)
• Poongani Amman Nagar: Rs 100 per sq.ft (2024)
• Prasad Nagar: Rs 1,320 per sq.ft (2024)
• Pallikuda Street: Rs 400 per sq.ft (2024)
• Raghavendra Nagar: Rs 1,320 per sq.ft (2024)
• Rainbow Nagar: 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000. Together, the total cost for stamp duty and registration fee would be Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Mevaloorkuppam B

When buying or selling property in Mevaloorkuppam B, the guideline value plays a crucial role in determining the registration fees and stamp duty payable. The guideline value is used to assess the value of the property for these calculations, ensuring that the fees are based on an official valuation rather than the sale price alone.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in planning the financial aspects of property transactions effectively.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 400 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 remained constant at Rs 400 per sq.ft from 2023 to 2024, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Mevaloorkuppam B?

The median guideline value for streets in Mevaloorkuppam B is Rs 400 per sq.ft, which is the same as the current value for Perumal Koil Street.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 4,00,000, the stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000 for stamp duty and registration fees.

Which office handles the registration for Perumal Koil Street?

The Sriperumpudur Sub Registrar Office handles the registration for Perumal Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.