Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 1,004 per sq.ft, effective from 1 July 2024. This street is located in Vadaperumbakkam village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Perumal Koil Street has changed

The guideline value for Perumal Koil Street has seen several revisions over the years. In 2017, the guideline value was Rs 402 per sq.ft. This increased to Rs 600 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,004 per sq.ft, which represents a significant increase of 67% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 150%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Perumal Koil Street's 2024 value above that median.

• Pon Nagar: Rs 1,006 per sq.ft (2024)
• Pon Nagar-2: Rs 1,000 per sq.ft (2024)
• Parvathypuram Part III: Rs 1,003 per sq.ft (2024)
• Parvathipuram Part-IV: Rs 1,003 per sq.ft (2024)
• Parvathipuram Part-II: Rs 1,003 per sq.ft (2024)
• Parvathipuram Part-I: Rs 1,003 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 1,004 per sq.ft, the total guideline value amounts to Rs 10,04,000. The stamp duty at 7% would be Rs 70,280, and the registration fee at 2% would be Rs 20,080, bringing the total cost for these fees to Rs 90,360. It is important to note that the 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 information.

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 more details.

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

The guideline value serves as a benchmark for property transactions in Vadaperumbakkam. When buying or selling property, this value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to understand that the guideline value is a crucial factor in the registration process, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 1,004 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, and then to Rs 1,004 per sq.ft in 2024, reflecting an overall increase of 150% from 2017 to 2024.

What is the land classification for Perumal Koil Street?

Perumal Koil Street is classified as Residential Class II Type - I.

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

The Sub Registrar 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 the stamp duty calculated for property in Perumal Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 10,04,000, the stamp duty would be Rs 70,280 at a rate of 7%.