Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, falling under the Kunrathur SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Perumal Koil Street has changed

Over the years, the guideline value of Perumal Koil Street has seen significant changes. In the 2017 revision, the guideline value was set at Rs 1,541 per sq.ft. This figure increased to Rs 2,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,500 per sq.ft, which is a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 62%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Perumal Koil Street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Perumal Koil Street's 2024 figure above this median.

• Pillaiyar Koil Street: Rs 1,540 per sq.ft (2024)
• Periyar Nagar: Rs 1,540 per sq.ft (2024)
• Pattu-Moulivakkam Road: Rs 1,870 per sq.ft (2024)
• Pattu Koot Road: Rs 1,540 per sq.ft (2024)
• Ponni Nagar: Rs 1,540 per sq.ft (2024)
• Poonamallee - Kundrathur Road: Rs 2,200 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 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty, charged at 7%, would be Rs 1,75,000, while the registration fee at 2% would be Rs 50,000. Together, these fees would total Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use our stamp duty and registration fee calculator.

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 information.

How the guideline value is used when you buy or sell in Mangadu -A

When buying or selling property in Mangadu -A, the guideline value serves as a benchmark for determining the minimum value of the property. This value is essential for calculating stamp duty and registration fees during the property registration process.

It is crucial for buyers and sellers to be aware of the guideline value, as it ensures transparency in property transactions. The guideline value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant for all stakeholders involved.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,541 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2024. This represents an overall increase of 62% over these years.

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

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which Sub Registrar Office handles registrations for Perumal Koil Street?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value of a property, which is crucial for calculating stamp duty and registration fees. It ensures transparency in property transactions and is updated regularly to reflect market conditions.