Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Srinivasapuram village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

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 the 2003 revision, the value was Rs 140 per sq.ft, which increased to Rs 400 per sq.ft in 2007. The value saw a significant rise of 250% during this period. Following this, the 2012 revision set the value at Rs 1,400 per sq.ft, but it decreased by 33% to Rs 938 per sq.ft in the 2017 revision. The most recent revision in 2023 raised the value to Rs 1,400 per sq.ft, which then increased by 11% to the current value of Rs 1,550 per sq.ft in 2024.

There is no figure available for the 2002 revision in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1007%.

Guideline values in Srinivasapuram

Srinivasapuram village has 39 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,550 to Rs 7,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Perumal Koil Street's 2024 figure below this median.

• Ragavendira Nagar: Rs 2,000 per sq.ft (2024)
• Rajarathinam Nagar / Annexe: Rs 2,000 per sq.ft (2024)
• Ramachandra Nagar: Rs 1,750 per sq.ft (2024)
• R.R.Nagar Annexe: Rs 1,550 per sq.ft (2024)
• Sai Rai Nagar: Rs 1,550 per sq.ft (2024)
• Sangamithra Avenue: Rs 2,000 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 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. 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 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Srinivasapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When registering a property, 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 government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2003 to Rs 1,550 per sq.ft in 2024, showing an overall increase of 1007% over these years.

What is the median guideline value in Srinivasapuram?

The median guideline value for streets in Srinivasapuram is Rs 1,650 per sq.ft, which is higher than the current guideline value of Perumal Koil Street.

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

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 and the registration fee would be Rs 31,000, totaling Rs 1,39,500.

Which 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.