Guideline Value

Corporate

Guideline Value for Perumal Koil Street

₹1210/sq.ft.

The guideline value for Perumal Koil Street in Sembulivaram village (Redhills SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembulivaram

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Perumal Koil Street

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Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Sembulivaram village, under the Redhills SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Perumal Koil Street has changed

Over the years, the guideline value of Perumal Koil Street has seen several revisions. The 2007 revision marked the beginning of the recorded changes with a value of Rs 600 per sq.ft. This increased to Rs 1,100 per sq.ft in 2012, but then dropped to Rs 737 per sq.ft in 2017. The value saw a significant increase to Rs 1,100 per sq.ft in 2023, and currently stands at Rs 1,210 per sq.ft as per the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the value increased by 83%, but then decreased by 33% from 2012 to 2017. A substantial rise of 49% occurred from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 102%.

Guideline values in Sembulivaram

In Sembulivaram, there are 16 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the current guideline value of Perumal Koil Street.

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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees together to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sembulivaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which may affect the overall cost of 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 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 102% over the years.

What is the stamp duty rate in Perumal Koil Street?

The stamp duty rate for property transactions in Perumal Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Sembulivaram with their guideline values?

Other streets in Sembulivaram include Moogambigai Nagar at Rs 1,105 per sq.ft, K.J. Hospital Street, K.J. Hospital 2nd Street, and K.J. Hospital 1st Street at Rs 550 per sq.ft, Thiruvalluvar Street at Rs 1,210 per sq.ft, and VEERA RAGAVA Avenue at Rs 810 per sq.ft.