Guideline Value for Perumal Street

Perumal Street guideline value

The current guideline value of Perumal Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Perumal Street has changed

The guideline value for Perumal Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The current value of Rs 1,100 per sq.ft reflects a 10% increase from the previous year. Notably, from 2017 to 2024, the overall increase has been 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. This lack of data indicates that the guideline values for these years were not recorded for Perumal Street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Perumal Street's 2024 figure below this median.

• Pillaiyar Koil Street: Rs 2,200 per sq.ft (2024)
• Periyar Street Vinayagar Nagar: Rs 1,650 per sq.ft (2024)
• Periyar Street: Rs 1,100 per sq.ft (2024)
• Pilliyar Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Street (15): Rs 2,200 per sq.ft (2024)
• Pilliyar Koil Street (8): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000. Together, the total cost would be Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Perumal Street?

Perumal Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, which are mandatory for the formal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Perumal Street?

The current guideline value of Perumal Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

Are there any years without recorded guideline values for Perumal Street?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Perumal Street.

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

The stamp duty rate for property transactions in Perumal Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Perumal Street?

The Sub Registrar Office covering Perumal Street is the Pammal SRO, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.