Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 150 per sq.ft. This street is located in Sengadu village under the Sriperumpudur SRO, 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 undergone several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, which continued into the 2024 revision, where it remains at Rs 150 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in the years 2002, 2003, and 2007 for Perumal Koil Street.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 500 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Perumal Koil Street aligns with this median.

• Perumal Koil 3rd Street: Rs 150 per sq.ft (2024)
• Pathiratchi Amman Koil Street: Rs 200 per sq.ft (2024)
• Port Homes: Rs 500 per sq.ft (2024)
• Puthumetu Street: Rs 150 per sq.ft (2024)
• Putru Koil Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 our 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 Sengadu

The guideline value is a crucial factor when registering property transactions in Sengadu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value is used to determine the minimum value for which the property can be registered. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from these transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 150 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in both 2023 and 2024.

What is the stamp duty for property in Perumal Koil Street?

The stamp duty for property in Perumal Koil Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 10,500.

Which office handles registrations for Perumal Koil Street?

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

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class II Type - I, which is relevant for determining its guideline value and usage in property transactions.