Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Alamathi village under the Redhills SRO, classified as Residential Special Type - II.

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 2007 revision recorded a value of Rs 400 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, this figure dropped to Rs 603 per sq.ft in the 2017 revision. The 2023 revision marked a significant increase to Rs 900 per sq.ft, followed by the current 2024 revision at Rs 990 per sq.ft.

From 2007 to 2024, the overall increase in the guideline value is 148%. Notably, the change from 2023 to 2024 reflects a 10% rise, while the increase from 2017 to 2023 is 49%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Alamathi

In Alamathi village, there are 54 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Perumal Koil Street's 2024 figure above this median.

• Pelican Nagar: Rs 550 per sq.ft (2024)
• Parthiban Nagar: Rs 550 per sq.ft (2024)
• Ragavendra Modern City Annexe: Rs 550 per sq.ft (2024)
• Padavattamman Street: Rs 770 per sq.ft (2024)
• N.R.V. Nagar: Rs 550 per sq.ft (2024)
• New Star City Annex: Rs 660 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 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

When buying or selling property in Alamathi, the guideline value serves as a benchmark for determining the registration fees and stamp duty payable. It is crucial to ensure that the sale price is not lower than the guideline value, as the duty is calculated based on the higher of the two.

During the registration process, the guideline value helps in assessing the value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 148% over the years.

What is the registration office for Perumal Koil Street?

The registration office for Perumal Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 89,100, which includes stamp duty and registration fees.

What other streets in Alamathi have guideline values?

Other streets in Alamathi include Pelican Nagar, Parthiban Nagar, Ragavendra Modern City Annexe, Padavattamman Street, N.R.V. Nagar, and New Star City Annex, with varying guideline values.