Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vijayanallur village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Perumal Koil Street has changed

Since the 2007 revision, when the guideline value was Rs 200 per sq.ft, there have been several changes. The value increased to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. The 2023 revision set the value at Rs 400 per sq.ft, and the current 2024 revision shows an increase to Rs 440 per sq.ft, marking a 10% rise from the previous year.

Overall, the guideline value has increased by 120% from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vijayanallur

In Vijayanallur, there are 19 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median of Rs 540 per sq.ft. Perumal Koil Street's guideline value is below this median.

• Maruthupandiar Nagar: Rs 550 per sq.ft (2024)
• Mamannar Maruthupandiar Nagar: Rs 440 per sq.ft (2024)
• Sivasakthi Nagar: Rs 550 per sq.ft (2024)
• Siva Sakthi Nagar Annexe: Rs 550 per sq.ft (2024)
• S.K. Nagar: Rs 440 per sq.ft (2024)
• Sri Sai Garden: Rs 440 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 would be 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, making the total cost for these fees Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Vijayanallur

The guideline value is a crucial factor when buying or selling property in Vijayanallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When you register a property, the guideline value will be used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

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 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, showing an overall increase of 120% over this period.

What is the land classification of Perumal Koil Street?

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

What are the stamp duty and registration fees for properties in Perumal Koil Street?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

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.