Guideline Value for Perumal Koil street West

Perumal Koil street West guideline value

The current guideline value of Perumal Koil street West is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Perumal Koil street West has changed

The guideline value for Perumal Koil street West has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the value further to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2017 to 2024, the guideline value has risen by 62%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the current guideline value of Perumal Koil street West.

• Perumal Kovil Street: Rs 1,300 per sq.ft (2024)
• Perumal Koil Street East: Rs 1,300 per sq.ft (2024)
• P.K.M.Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,200 per sq.ft (2024)
• Ponniamman Nagar: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 2st Cross Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Koil street West

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please 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 details.

Which Sub Registrar Office covers Perumal Koil street West?

The Sub Registrar Office covering Perumal Koil street West is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is essential during property transactions in 44.Ayanambakkam as it determines the minimum value at which properties can be registered. When you buy or sell a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to accurately assess the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Perumal Koil street West?

The current guideline value of Perumal Koil street West is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting a total increase of 62% over this period.

What is the land classification for Perumal Koil street West?

Perumal Koil street West is classified as Residential Class II Type - I under the Konnur SRO.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Perumal Koil street West is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the total stamp duty and registration fees would amount to Rs 1,17,000.