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 Koyakbedu village, under the AnnaNagar SRO, and falls under the Residential Class I Type - III land classification.

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 2012, the guideline value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023, and further increased to the current rate of Rs 3,300 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions indicate a 49% increase from 2017 to 2023, while the 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koyakbedu

Koyakbedu village comprises 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, making the current value of Perumal Koil Street below this median.

• Pillaiyar Koil Street: Rs 3,300 per sq.ft (2024)
• Ponnan Street: Rs 3,300 per sq.ft (2024)
• Parthasarathy Street: Rs 3,300 per sq.ft (2024)
• Poonamallee High Road (Rohini Theatre To Nerkundram Village Strarting Point 500 Mtrs): Rs 11,400 per sq.ft (2024)
• Poonamallee High Road to (Rohini Theatre to Arumbakkam Cemetry): Rs 16,500 per sq.ft (2024)
• Parijatham Street Brindavan Nagar: Rs 4,400 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 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. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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 AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees, which are mandatory costs that buyers must pay when purchasing property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Perumal Koil Street?

The current guideline value for 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Perumal Koil Street?

Perumal Koil Street falls under the Residential Class I Type - III land classification.

How does the guideline value compare to other streets in Koyakbedu?

The guideline value for Perumal Koil Street is below the median value of Rs 4,400 per sq.ft for other streets in Koyakbedu, which range from Rs 2,200 to Rs 16,500 per sq.ft.

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

The Sub Registrar Office for Perumal Koil Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.