Guideline Value for Perumal koil Street

Perumal koil Street guideline value

The current guideline value of Perumal koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Manancheri village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Perumal koil Street has changed

The guideline value for Perumal koil Street has seen significant changes over the years. In the 2007 revision, the rate was Rs 250 per sq.ft. This increased dramatically to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, it decreased to Rs 670 per sq.ft in the 2017 revision, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and the latest 2024 revision sees it at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

It is important to note that 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 340%.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,400 per sq.ft, with a median value of Rs 990 per sq.ft. Perumal koil Street's 2024 guideline value is above this median.

• Pilliyar koil Sandhu: Rs 990 per sq.ft (2024)
• Pilliyar koil Street: Rs 1,100 per sq.ft (2024)
• Ponni Nagar: Rs 990 per sq.ft (2024)
• Parvathy Enclave: Rs 2,500 per sq.ft (2024)
• Parvathy Avenue: Rs 1,650 per sq.ft (2024)
• Pooja Avenue: Rs 1,320 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 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, totaling Rs 99,000. It is important to note that 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 details.

Which Sub Registrar Office covers Perumal koil Street?

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

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

The guideline value is a crucial factor in property transactions in Manancheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When registering a property, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and reflects the official value set by the authorities, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Perumal koil Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

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

The stamp duty for a property valued at Rs 11,00,000 would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Perumal koil Street?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as an official benchmark to ensure that all transactions are recorded accurately and transparently.