Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,300 per sq.ft. This street is located in Mannurpet village, under the Konnur SRO, and is 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 247 per sq.ft, which increased to Rs 272 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 500 per sq.ft in 2007, reflecting an 84% change. By 2012, the guideline value was Rs 1,200 per sq.ft, which represented a 140% increase from the previous revision.

From 2012 to 2017, the value dropped to Rs 804 per sq.ft, indicating a decrease of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, which then increased to the current value of Rs 1,300 per sq.ft in 2024, showing an 8% rise. Overall, from 2002 to 2024, the guideline value has increased by 426%. There are no figures for revisions in years not listed.

Guideline values in Mannurpet

Mannurpet village has 38 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median value is Rs 1,300 per sq.ft, and Perumal Koil Street's 2024 figure aligns with this median.

• Pillaiyar Koil Street: Rs 1,700 per sq.ft (2024)
• Pattaraivakkam Road: Rs 1,700 per sq.ft (2024)
• Pudu Pillaiyar Koil Street: Rs 1,700 per sq.ft (2024)
• Padasalai Street: Rs 1,100 per sq.ft (2024)
• Nehru Nagar: Rs 1,300 per sq.ft (2024)
• Mugapper Road: Rs 3,300 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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can 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 Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Mannurpet. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 247 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 426% over the years.

What is the registration fee for property in Perumal Koil Street?

The registration fee is 2% of the guideline value. For a property valued at Rs 13,00,000, the registration fee would be Rs 26,000.

Which Sub Registrar Office covers Perumal Koil Street?

The Konnur Sub Registrar Office covers Perumal Koil Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for ensuring that the transaction is recorded accurately in the official register.