Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has undergone several revisions over the years. In 2002, the value was Rs 128 per sq.ft, which increased to Rs 150 per sq.ft in 2003, marking a 17% rise. By 2007, the value jumped significantly to Rs 200 per sq.ft, reflecting a 33% increase. The 2012 revision maintained the value at Rs 1,800 per sq.ft, and again, there was no change until 2023, when it remained at Rs 1,800 per sq.ft. The latest revision in 2024 saw the guideline value rise to Rs 1,900 per sq.ft, an increase of 6% from the previous year.

Notably, there was no figure recorded for Perumal Koil Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 1384%, showcasing a substantial change over the years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,400 per sq.ft, placing Perumal Koil Street's 2024 figure below that median.

• Periyar Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Perundevi nagar: Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Cross Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Annanoor): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Patel Street(senthil nagar): Rs 2,700 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 rate of Rs 1,900 per sq.ft, the guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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 Thirumullaivoyal

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately.

During the registration process, the guideline value helps to establish a fair value for the property, which is essential for both the buyer and seller. It ensures that the government receives the appropriate revenue from property transactions, based on the established rates.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 128 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting significant increases over the years.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which is higher than the current guideline value of Perumal Koil Street.

What are the stamp duty and registration fees for property in Perumal Koil Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles property registrations for Perumal Koil 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.