Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. In 2002, the value was Rs 550 per sq.ft, which increased to Rs 602 per sq.ft in 2003, marking a 9% rise. The value then experienced significant growth, reaching Rs 1,500 per sq.ft in 2007, a 149% increase from the previous revision. By 2012, the value was Rs 3,000 per sq.ft, reflecting a 100% increase from 2007. However, it then dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, and finally rose to Rs 3,300 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 500%. The register has no figure for the years not listed in the revisions.

Guideline values in Pallipattu

In Pallipattu, there are 72 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 9,400 per sq.ft. Perumal Koil Street's 2024 guideline value is below this median.

• Perumal Koil 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Polytechnic 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Polytechnic Main Road: Rs 3,900 per sq.ft (2024)
• Polytechnic Road: Rs 3,900 per sq.ft (2024)
• Nehru Nagar 4th Street: Rs 9,400 per sq.ft (2024)
• Nehru Nagar 4th Main Road: Rs 9,400 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 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallipattu. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the registration of property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded accurately in the official records. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 500% over the years.

What is the stamp duty rate for properties in Pallipattu?

The stamp duty rate for properties in Pallipattu is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in Pallipattu is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.