Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Venkadu village under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Perumal Koil Street has changed

In the 2012 revision, the guideline value for Perumal Koil Street was Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where it also stood at Rs 300 per sq.ft. However, there was a significant increase in the 2023 revision, where the value rose to Rs 300 per sq.ft, maintaining the same figure as in previous years. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value experienced a decrease of 33%, but it then increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Venkadu

In Venkadu village, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median guideline value is Rs 300 per sq.ft, which aligns with the guideline value of Perumal Koil Street for 2024.

• Perumal Nagar: Rs 300 per sq.ft (2024)
• P.G.Road: Rs 300 per sq.ft (2024)
• Pooja Avenue: Rs 300 per sq.ft (2024)
• Othavadai Street: Rs 310 per sq.ft (2024)
• Om Sakthi Sri Ellaiamman Nagar: Rs 400 per sq.ft (2024)
• Royal Farms: Rs 310 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, resulting in Rs 21,000, and the registration fee is charged at 2%, amounting to Rs 6,000. Together, the total cost for stamp duty and registration fee is Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

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 Venkadu

The guideline value plays a crucial role during property registration in Venkadu. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. This means that buyers and sellers must be aware of the current guideline value to ensure they are compliant with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from 2017 to 2023. There was a decrease of 33% from 2012 to 2017.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

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

How is stamp duty calculated for properties in Venkadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 3,00,000 would incur a stamp duty of Rs 21,000 at the rate of 7%.