Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street in Siruniyam village is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Redhills 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 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 400 per sq.ft, followed by another increase to Rs 440 per sq.ft in 2024, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The overall change from 2007 to 2024 reflects a 47% increase. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Siruniyam

In Siruniyam, there are 32 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the guideline value of Perumal Koil Street.

• Perumal Koil Street (Siruniyam Colony): Rs 330 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 440 per sq.ft (2024)
• Parthasarathy Nagar Annex: Rs 825 per sq.ft (2024)
• Parthasarathy Nagar: Rs 825 per sq.ft (2024)
• Rehoboth Avenue: Rs 220 per sq.ft (2024)
• Revathi Avenue: Rs 550 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that 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 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 Siruniyam

The guideline value is a crucial factor in the registration process for property transactions in Siruniyam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for pricing. It is essential for buyers and sellers to be aware of these values to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 440 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 440 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 and subsequent increases in 2023 and 2024.

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

Other streets in Siruniyam include Perumal Koil Street (Siruniyam Colony) at Rs 330 per sq.ft, Pillaiyar Koil Street at Rs 440 per sq.ft, and several others with varying values.

What is the stamp duty for property in Perumal Koil Street?

The stamp duty for property in Perumal Koil Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 30,800.

Where can I find the Sub Registrar Office for Perumal Koil Street?

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