Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 2,420 per sq.ft. This street is located in Adayalampattu village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Perumal Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. This figure then decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the subsequent revisions, rising to Rs 2,200 per sq.ft in 2023 and further to Rs 2,420 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adayalampattu

In Adayalampattu, there are 19 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 3,850 per sq.ft. The median value is Rs 2,420 per sq.ft, which is equal to the current guideline value of Perumal Koil Street.

• Ponniyamman Koil Street: Rs 2,420 per sq.ft (2024)
• Panajsalai Street: Rs 2,420 per sq.ft (2024)
• Padasalai Street (1-5 st): Rs 2,200 per sq.ft (2024)
• Millinium Town Road: Rs 3,300 per sq.ft (2024)
• Metro Royal City: Rs 3,300 per sq.ft (2024)
• MCK Nagar: Rs 2,420 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, the guideline value is Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, totaling Rs 2,17,800. 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 Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adayalampattu, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to understand that the guideline value impacts the stamp duty and registration fees payable during the transaction.

When purchasing or selling property, the guideline value serves as a benchmark for calculating taxes and fees. It is important to consult the latest figures to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,420 per sq.ft in 2024.

What is the land classification for Perumal Koil Street?

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

Where can I find information about other streets in Adayalampattu?

Information about other streets in Adayalampattu can be found in the guideline value register, which lists various streets and their respective guideline values.

What is the role of the Sub Registrar Office in property transactions?

The Sub Registrar Office is responsible for the registration of property transactions and ensures compliance with local regulations. It also determines the applicable stamp duty and registration fees based on the guideline value.