Guideline Value for Perumal Koil street

Perumal Koil street guideline value

The current guideline value of Perumal Koil street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Siru Mathoor village, under the Sriperumpudur SRO, and falls under the Residential Special Type - I land classification.

How the guideline value of Perumal Koil street has changed

Over the years, the guideline value of Perumal Koil street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. From 2012 to 2017, however, the value decreased to Rs 402 per sq.ft, marking a decline of 33%. Subsequently, from 2017 to 2023, there was a significant increase of 49% back to Rs 600 per sq.ft.

The most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Siru Mathoor

Siru Mathoor village has 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Perumal Koil street.

• Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Oviar Gramam: Rs 300 per sq.ft (2024)
• Osuramman Koil street: Rs 600 per sq.ft (2024)
• Raja Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Mullai Nagar: Rs 600 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 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to 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 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 Siru Mathoor

The guideline value is a crucial factor during the registration of properties in Siru Mathoor. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value to understand the financial implications of the transaction. This value helps in determining the legal worth of the property and influences the overall 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 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a previous decline to Rs 402 per sq.ft in 2017. There was a significant increase of 49% from 2017 to 2023, returning to Rs 600 per sq.ft.

What is the land classification for Perumal Koil street?

Perumal Koil street is classified as Residential Special Type - I under the land classification system.

Which office handles registrations for properties in Siru Mathoor?

The Sriperumpudur Sub Registrar Office is responsible for handling registrations for properties in Siru Mathoor, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Siru Mathoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total of Rs 54,000 in duties and fees.