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 Vilangadupakkam village under the Redhills SRO and is classified as Residential Class III 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 2007, the guideline value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 268 per sq.ft, reflecting a decline of 33%. The guideline value then rose significantly to Rs 400 per sq.ft in 2023, and further increased to Rs 440 per sq.ft in 2024, which is a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, making the guideline value of Perumal Koil Street equal to this median.

• Parthasarathy Nagar II: Rs 770 per sq.ft (2024)
• Pappammal Avenue: Rs 440 per sq.ft (2024)
• Papammal Avenue Annex: Rs 440 per sq.ft (2024)
• Pratheep Nagar: Rs 550 per sq.ft (2024)
• Prem Nagar: Rs 440 per sq.ft (2024)
• Priya Nagar: 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, charged at 7%, would be Rs 30,800, and the registration fee, charged at 2%, would be Rs 8,800, totaling Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. 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 for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vilangadupakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction is recorded accurately. It is important to note that the stamp duty is calculated based on the higher value between the guideline value and the actual sale price.

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 multiple times, starting from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting 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.

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 transactions?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the guideline value of Rs 440 per sq.ft would incur a total stamp duty of Rs 30,800.