Guideline Value for Perumal koil Sandu

Perumal koil Sandu guideline value

The current guideline value of Perumal koil Sandu is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Perumal koil Sandu has changed

The guideline value for Perumal koil Sandu has seen several revisions over the years. In 2002, the value was Rs 287 per sq.ft, which increased to Rs 318 per sq.ft in 2003, marking an 11% rise. The value then saw a significant jump to Rs 750 per sq.ft in 2007, which represented a 136% increase. Following this, the value surged to Rs 3,200 per sq.ft in 2012, reflecting a substantial 327% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 2,144 per sq.ft. The next revision in 2023 brought the value back up to Rs 3,200 per sq.ft, followed by the current value of Rs 3,520 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has risen by 1,126%. The register has no figures for the years not mentioned in this summary.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, indicating that the guideline value of Perumal koil Sandu is below this median.

• Perumal koil Street: Rs 3,520 per sq.ft (2024)
• Perumal Koil 2nd Street - Lane: Rs 3,520 per sq.ft (2024)
• Perumal Koil 2nd Street: Rs 3,520 per sq.ft (2024)
• Perumal Koil 1st Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil 1st Cross Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar Koil 2nd Cross Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal koil Sandu

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, the total fees would be Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumal koil Sandu?

The Sub Registrar Office that covers Perumal koil Sandu is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in official documents.

When buying or selling property, the guideline value affects the calculation of applicable fees, such as stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal koil Sandu?

The current guideline value of Perumal koil Sandu is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 287 per sq.ft to Rs 3,520 per sq.ft in 2024, representing an overall increase of 1,126%.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,16,800.

Which office handles property registrations in Perumal koil Sandu?

The Kunrathur Sub Registrar Office handles property registrations for Perumal koil Sandu, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How does the guideline value affect property transactions?

The guideline value serves as a minimum threshold for property registration and is used to calculate applicable fees, ensuring proper documentation and revenue collection for the government.