Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 2,450 per sq.ft. This street is located in Moulivakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2007, marking a 200% increase. In 2012, the value rose to Rs 2,200 per sq.ft, reflecting a 193% increase from the previous revision. However, between 2012 and 2017, the value decreased to Rs 1,474 per sq.ft, a decline of 33%. The value then increased to Rs 2,200 per sq.ft in 2023, a 49% rise, and finally reached Rs 2,450 per sq.ft in the 2024 revision, an 11% increase.

It is important to note that the register has no figure for Perumal Koil Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 880%.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value for these streets is Rs 2,450 per sq.ft, which is equal to the guideline value of Perumal Koil Street for 2024.

• Pillaiyar Koil Street: Rs 2,450 per sq.ft (2024)
• Ponniyamman koil Street: Rs 2,450 per sq.ft (2024)
• Porur - Kundrathur Road: Rs 2,650 per sq.ft (2024)
• Palani Nagar: Rs 2,450 per sq.ft (2024)
• Rajagopalapuram Avenue: Rs 2,650 per sq.ft (2024)
• Rajagopal Avenue: Rs 2,450 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 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, making the total cost for these fees Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the 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 details.

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

The guideline value plays a significant role during the registration process of property transactions in Moulivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction reflects the official valuation set by the authorities. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of 880% over the years.

What are the other streets in Moulivakkam with the same guideline value?

Other streets in Moulivakkam with the same guideline value of Rs 2,450 per sq.ft include Pillaiyar Koil Street, Ponniyamman koil Street, Palani Nagar, and Rajagopal Avenue.

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

The registration fee for property transactions in Perumal Koil Street is calculated based on the guideline value. For example, for a property valued at Rs 24,50,000, the registration fee at 2% would be Rs 49,000.

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. You can find more details online.