Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Pammathukulam village under the Redhills SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Perumal Koil Street has changed

In the 2007 revision, the guideline value for Perumal Koil Street was Rs 100 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 300 per sq.ft in 2023, and subsequently increased to Rs 330 per sq.ft in the 2024 revision, a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. The revisions for the years 2002 and 2003 do not have any figure recorded for this street.

Guideline values in Pammathukulam

Pammathukulam village has 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. Perumal Koil Street's 2024 guideline value is below this median.

• Pari Nagar: Rs 660 per sq.ft (2024)
• Punitha Boomi: Rs 550 per sq.ft (2024)
• Raghavendra Nagar: Rs 550 per sq.ft (2024)
• Rahumath Avenue: Rs 550 per sq.ft (2024)
• Om Velayutham Nagar: Rs 660 per sq.ft (2024)
• Om Ganapathy Nagar: Rs 820 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, leading to a total of Rs 29,700. 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 online for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammathukulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the stamp duty and registration fees. This ensures that the fees are reflective of the property's value as per the official guidelines.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 100 per sq.ft to Rs 330 per sq.ft in 2024, marking an overall increase of 230% over this period.

What is the median guideline value in Pammathukulam?

The median guideline value in Pammathukulam is Rs 550 per sq.ft, with Perumal Koil Street's 2024 value being below this median.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles registrations for Perumal Koil Street?

The Redhills Sub Registrar Office handles registrations for Perumal Koil Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.