Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Ariyalur village under the Redhills SRO and is classified as Residential Class I 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. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012, marking a rise of 17%. However, between 2012 and 2017, the value dropped to Rs 234 per sq.ft, a decrease of 33%. The most recent revision in 2024 has seen a substantial increase to Rs 1,002 per sq.ft, reflecting a change of 328% from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 234%. It is important to note that the register has no figures for the years 2002, 2003, and 2023 for this street.

Guideline values in Ariyalur

Ariyalur village has 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 1,008 per sq.ft, with the median value being Rs 1,002 per sq.ft. The guideline value for Perumal Koil Street aligns with this median.

• Perumal Koil Street 1st Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 3rd Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street 4th Cross Street: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street (Colony): Rs 1,002 per sq.ft (2024)
• Periyar Nagar Colony Main Street: Rs 1,002 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 rate, the guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. It is important to note that duty is charged on the higher of the guideline value and 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 covering 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Ariyalur. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, maintaining the integrity of the real estate market.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 234% over the years.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find 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.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 70,140.