Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Baraniputjur village under the Kunrathur SRO, classified as Residential Special Type - II.

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 2007, the value was Rs 250 per sq.ft, which saw a significant increase to Rs 1,100 per sq.ft in 2012. However, it dropped to Rs 737 per sq.ft in 2017. The value then rose to Rs 1,100 per sq.ft in 2023, before reaching the current figure of Rs 1,210 per sq.ft in 2024.

Between these revisions, notable changes include a 340% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023 and then by 10% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,500 per sq.ft. The median value is Rs 1,210 per sq.ft, which is the same as the current value for Perumal Koil Street.

• Pilliyar Koil Street: Rs 1,210 per sq.ft (2024)
• Poonamallee High Road: Rs 1,450 per sq.ft (2024)
• Nova Nagar Annuxe: Rs 1,210 per sq.ft (2024)
• Nova Nagar: Rs 1,210 per sq.ft (2024)
• Ramya Nagar: Rs 700 per sq.ft (2024)
• Sammandham Nagar: Rs 820 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, resulting in a total of Rs 1,08,900. 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value.

During the registration process, the guideline value ensures that properties are not undervalued, which helps maintain transparency in real estate transactions. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the sale.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets in Baraniputjur and their guideline values?

Other streets in Baraniputjur include Pilliyar Koil Street, Poonamallee High Road, Nova Nagar Annuxe, Nova Nagar, Ramya Nagar, and Sammandham Nagar, with values ranging from Rs 700 to Rs 1,450 per sq.ft.

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

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

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

The Sub Registrar Office for Perumal Koil Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.