Guideline Value for Perumal Koil street

Perumal Koil street guideline value

The current guideline value of Perumal Koil street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Class II Type - II.

How the guideline value of Perumal Koil street has changed

The guideline value for Perumal Koil street has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 2,680 per sq.ft. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 267%. The revisions from 2017 to 2023 show a substantial increase of 49%, while the rise from 2007 to 2012 was a remarkable 233%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Perumal Koil street.

• Perumal Koil Street (Residential): Rs 4,400 per sq.ft (2024)
• Ponnuvel Thottam: Rs 11,000 per sq.ft (2024)
• Poonamallee High Road (Mangaliamman Koil to Sakywalk): Rs 16,500 per sq.ft (2024)
• Parameswara nagar: Rs 3,800 per sq.ft (2024)
• Prasanna Vinayagar Koil Street: Rs 4,400 per sq.ft (2024)
• Pulla Avenue: Rs 16,500 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Koil street?

The Sub Registrar Office that covers Perumal Koil street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Aminjikarai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure that they are compliant with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Perumal Koil street?

The current guideline value of Perumal Koil street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267% during this period.

What is the stamp duty for properties on Perumal Koil street?

The stamp duty for properties on Perumal Koil street is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 3,08,000.

Where is the Sub Registrar Office for Perumal Koil street?

The Sub Registrar Office that covers Perumal Koil street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Perumal Koil street?

Perumal Koil street is classified as Residential Class II Type - II, indicating its suitability for residential development.