Guideline Value for Perumal Street

Perumal Street guideline value

The current guideline value of Perumal Street in Thiruvallur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Perumal Street has changed

The guideline value for Perumal Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, by 2017, the value decreased to Rs 1,340 per sq.ft, a reduction of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Perumal Street's 2024 figure above this median.

• Perupakkam Colony: Rs 2,750 per sq.ft (2024)
• Periyathambi Street: Rs 1,100 per sq.ft (2024)
• Ponnappan Street: Rs 1,650 per sq.ft (2024)
• Periyakuppam Colony: Rs 880 per sq.ft (2024)
• Poondi road: Rs 880 per sq.ft (2024)
• Paventhar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 Street?

The Sub Registrar Office that covers Perumal Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial reference point during property transactions in Thiruvallur. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall transaction costs. Buyers should ensure that they are informed about the current rates to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Street?

The current guideline value of Perumal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What are the stamp duty and registration fees for property in Perumal Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Perumal Street?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Perumal Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Where can I find more information about guideline values in Thiruvallur?

More information about guideline values can be found in the Registration Department's guideline value register (TNReginet) or by visiting the local Sub Registrar Office.