Guideline Value for Perumal Koil Street

Perumal Koil Street guideline value

The current guideline value of Perumal Koil Street is Rs 3,700 per sq.ft. This street is located in 1. Nolambur village under the Villivakkam SRO, 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. The 2017 revision set the value at Rs 2,345 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further raised the value to Rs 3,700 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 58%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, which means that Perumal Koil Street's 2024 figure is below that median.

• Periyanolambur: Rs 3,300 per sq.ft (2024)
• Patchaiappan Nagar: Rs 7,100 per sq.ft (2024)
• Parkrest Apartments: Rs 7,100 per sq.ft (2024)
• Panjamuga Sivan Koil Street: Rs 4,355 per sq.ft (2024)
• Padasalai Street: Rs 3,300 per sq.ft (2024)
• Pacific City: Rs 7,100 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 rate of Rs 3,700 per sq.ft, the guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, totaling Rs 3,33,000. It is important to note that the 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 Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor when registering property transactions in 1. Nolambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property in this area, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid based on the set rates. This process is essential for legal documentation and property ownership transfer.

Frequently asked questions

What is the current guideline value of Perumal Koil Street?

The current guideline value of Perumal Koil Street is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,700 per sq.ft in 2024, reflecting a total increase of 58% over this period.

What are the guideline values of other streets in 1. Nolambur?

Other streets in 1. Nolambur have varying guideline values, ranging from Rs 3,300 to Rs 8,800 per sq.ft, with the median being Rs 7,100 per sq.ft.

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

The stamp duty for property in Perumal Koil Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 2,59,000.

Which office handles property registrations in this area?

The Villivakkam Sub Registrar Office handles property registrations for Perumal Koil Street. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.