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. This street is located in Sethupattu village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Perumal Koil Street has changed

As per the guideline value register, the earliest recorded revision for Perumal Koil Street was in 2012, where the value was Rs 250 per sq.ft. In 2017, the value decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50% to Rs 250 per sq.ft, which remained unchanged in the 2023 revision as well. The current guideline value has remained consistent at Rs 250 per sq.ft since the 2023 revision and continues into the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007. Overall, comparing the values from 2012 to 2024, there has been no change, maintaining the guideline value at Rs 250 per sq.ft.

Guideline values in Sethupattu

In Sethupattu village, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Perumal Koil Street's 2024 figure below that median. Here are the guideline values for other streets in Sethupattu:

• P.S.Nagar: Rs 250 per sq.ft (2024)
• P.S.Nagar Ph.II: Rs 250 per sq.ft (2024)
• Sabari Nagar: Rs 300 per sq.ft (2024)
• Sathya Nagar: Rs 450 per sq.ft (2024)
• Maruthi Nagar: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar (Phase-II) in Eden Garden: Rs 1,300 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 250 per sq.ft, the total 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 to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Street?

Perumal Koil Street falls under the jurisdiction of 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 Sethupattu

The guideline value is a critical factor in property transactions in Sethupattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price meets or exceeds the guideline value to avoid any issues during the registration process. This ensures compliance with local regulations and helps in the smooth transfer of ownership.

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 the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with no figures recorded for the years 2002, 2003, and 2007. The value was Rs 250 per sq.ft in 2012, decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in 2023, remaining unchanged through 2024.

What is the median guideline value for streets in Sethupattu?

The median guideline value for the 23 streets in Sethupattu is Rs 300 per sq.ft. Perumal Koil Street's 2024 value of Rs 250 per sq.ft is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. This is based on a 1,000 sq.ft plot at the current guideline value.

Where can I find the Sub Registrar Office for Perumal Koil Street?

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