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 Sumanthiram Pedu village, under the jurisdiction of the Sriperumpudur SRO. It falls under the Residential Class II Type - I land classification.

How the guideline value of Perumal Koil Street has changed

Looking at the historical revisions, the guideline value for Perumal Koil Street has seen several changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from 2012. However, the value increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision, which then remained the same in the 2024 revision, showing no change from the previous year.

It's important to note that there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Thus, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Sumanthiram Pedu

In Sumanthiram Pedu, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the 2024 guideline value of Perumal Koil Street.

• Polatchiyamman Koil Street: Rs 200 per sq.ft (2024)
• Krishna Nagar: Rs 300 per sq.ft (2024)
• Kamachiamman Nagar: Rs 400 per sq.ft (2024)
• Vinayagar Koil 1st Street: Rs 200 per sq.ft (2024)
• Vinayagar Koil 2nd Street: Rs 200 per sq.ft (2024)
• Mgr Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil Street

For a property measuring 1,000 sq.ft 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 to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, 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 further assistance.

How the guideline value is used when you buy or sell in Sumanthiram Pedu

The guideline value is a crucial factor when registering property transactions in Sumanthiram Pedu. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the government. This helps maintain transparency and accountability in property dealings.

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 from 2012 to 2024, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the other streets in Sumanthiram Pedu with their guideline values?

Other streets in Sumanthiram Pedu include Polatchiyamman Koil Street, Krishna Nagar, Kamachiamman Nagar, Vinayagar Koil 1st Street, Vinayagar Koil 2nd Street, and Mgr Street, with values ranging from Rs 150 to Rs 400 per sq.ft.

What fees are applicable when buying property on Perumal Koil Street?

When buying property on Perumal Koil Street, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. Together, these fees can add up significantly based on the property size.

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

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