Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Koil Street has changed

Over the years, the guideline value of Perumal Koil Street has seen several revisions. The earliest recorded value was Rs 1,600 per sq.ft in 2012, which then decreased to Rs 1,072 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 6%. The jump from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023 represents a substantial increase of 49%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Perumal Koil Street's 2024 value above this median.

• Periyar Street: Rs 1,200 per sq.ft (2024)
• Pillaiyar Koil Street(1st Ward): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(3 rd ward): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(Murugambedu): Rs 1,300 per sq.ft (2024)
• Pillaiyar Koil Street(sanmugapuram 2nd Ward): Rs 1,300 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,100 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 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost together to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Soorapattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class I Type - I.

Which office handles property registrations for this street?

The Ambattur Sub Registrar Office handles property registrations for Perumal Koil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.