Guideline Value for Perumal koil Street

Perumal koil Street guideline value

The current guideline value of Perumal koil Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Perumal koil Street has changed

The guideline value for Perumal koil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 482 per sq.ft. It increased to Rs 534 per sq.ft in 2003, marking an increase of 11%. The following revisions showed significant changes, with the value rising to Rs 1,000 per sq.ft in 2007, a remarkable increase of 87%. In 2012, the value was recorded at Rs 3,200 per sq.ft, reflecting a substantial increase of 220% from the previous revision. However, it then decreased to Rs 2,144 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,200 per sq.ft, which was a 49% increase. The most recent revision in 2024 has set the value at Rs 3,520 per sq.ft, representing a 10% increase from the previous year. There are no revisions with figures missing for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value 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, placing Perumal koil Street's 2024 figure below that median.

• Perumal koil Sandu: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost together to 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. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Perumal koil Street?

The Sub Registrar Office covering 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value is typically considered to ensure that the property is registered at a fair value.

When a buyer or seller approaches the registration office, the guideline value is checked to assess the applicable fees. This ensures that the transaction is in compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Perumal koil Street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 482 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 630% over the years.

What is the land classification for Perumal koil Street?

Perumal koil Street is classified under Residential Special Type - II. This classification indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for properties in Porur?

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