Guideline Value for Perumal Koil street

Perumal Koil street guideline value

The current guideline value of Perumal Koil street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kilay village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Perumal Koil street has changed

The guideline value of Perumal Koil street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft, and it has remained the same in the 2024 revision, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant, with a total change of 0% during this period.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. Perumal Koil street's 2024 figure is below this median.

• Poomagal Nagar: Rs 200 per sq.ft (2024)
• Sai Garden: Rs 400 per sq.ft (2024)
• Sakthi Nagar: Rs 400 per sq.ft (2024)
• M.G.R Street: Rs 150 per sq.ft (2024)
• SDN Agro Farms: Rs 400 per sq.ft (2024)
• Marathamannam koil st: Rs 300 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Perumal Koil street?

The Sub Registrar Office that covers Perumal Koil street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kilay, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Koil street?

The current guideline value of Perumal Koil street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, increased by 50% from Rs 100 per sq.ft in 2017 to 2023, and decreased by 33% from Rs 150 per sq.ft in 2012 to 2017.

What is the land classification for Perumal Koil street?

The land classification for Perumal Koil street is Residential Class III Type - I.

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

The Sub Registrar Office for Perumal Koil street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Perumal Koil street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 10,500.