Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 765 per sq.ft, effective from 1 July 2024. This street is located in Kannampalayam village, under the Kunrathur SRO, and is classified as Residential Class I Type - III.

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 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, in 2017, it dropped to Rs 469 per sq.ft, before climbing to Rs 700 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 765 per sq.ft.

From 2023 to 2024, the guideline value increased by 9%. The jump from 2017 to 2023 was a notable 49%, while the decrease from 2012 to 2017 was 33%. The increase from 2007 to 2012 was substantial at 367%. Overall, from 2007 to 2024, the guideline value has risen by 410%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kannampalayam

Kannampalayam village has a total of 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 765 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 1,375 per sq.ft, indicating that Perumal Koil Street's current value is below this median.

• P.K.S. Nagar: Rs 1,320 per sq.ft (2024)
• Radha Krishna Garden: Rs 935 per sq.ft (2024)
• Radhakrishnan Nagar: Rs 935 per sq.ft (2024)
• N.S.R. Nagar: Rs 765 per sq.ft (2024)
• Rajammal Nagar: Rs 935 per sq.ft (2024)
• Neela Ganapathi Garden: Rs 1,375 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 765 per sq.ft, the total guideline value would be Rs 7,65,000. The stamp duty at 7% would amount to Rs 53,550, and the registration fee at 2% would be Rs 15,300, bringing the total fees together to Rs 68,850. 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 further calculations.

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. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor in property transactions in Kannampalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding how the guideline value is set and revised can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 765 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 765 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 1,375 per sq.ft, which is higher than the current value of Perumal Koil Street.

What are the registration fees for property transactions?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,65,000, the registration fee would be Rs 15,300 at 2%.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your specific SRO using the provided link.