Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Chikkarayapuram village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Perumal Koil Street has changed

Perumal Koil Street has experienced significant changes in its guideline value over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 1,400 per sq.ft in 2012. However, this was followed by a decrease to Rs 938 per sq.ft in 2017. The value then surged to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. There are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Chikkarayapuram

In Chikkarayapuram, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the guideline value for Perumal Koil Street.

• Pathmavathi Nagar: Rs 1,980 per sq.ft (2024)
• Poonniamman Nagar: Rs 1,430 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Narasiman Street: Rs 1,980 per sq.ft (2024)
• R.K.M. Nagar: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar: Rs 1,980 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 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to 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 information.

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 more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chikkarayapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting a significant increase of 560% over the years.

What is the land classification of Perumal Koil Street?

Perumal Koil Street is classified as Mixed Special Type - I, which influences its guideline value and potential uses.

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.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.