Guideline Value for Perumal koil street

Perumal koil street guideline value

The current guideline value of Perumal koil street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Nandimedu village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal koil street has changed

The guideline value for Perumal koil street has remained consistent at Rs 200 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Looking back further, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, which represents a 49% increase to the 2023 figure. Prior to that, the 2012 revision also set the value at Rs 200 per sq.ft, indicating a decline of 33% from the 2012 to the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nandimedu

In Nandimedu, there are 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 250 per sq.ft. The median value for these streets is Rs 191 per sq.ft, placing Perumal koil street above this median value.

• Periya Theru: Rs 250 per sq.ft (2024)
• Pillaiyar koil street: Rs 200 per sq.ft (2024)
• Pallikuda Theru: Rs 250 per sq.ft (2024)
• Puthu Theru: Rs 250 per sq.ft (2024)
• Mariamman koil street: Rs 175 per sq.ft (2024)
• Mariamman koil kuruku street: Rs 175 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, totaling Rs 14,000, while the registration fee is at 2%, amounting to Rs 4,000. Together, the total fees would be Rs 18,000. Note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal koil street?

The Sub Registrar Office that covers Perumal koil street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Nandimedu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable for the transaction.

Frequently asked questions

What is the current guideline value of Perumal koil street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 200 in 2023, but it was Rs 200 in both 2012 and 2024.

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

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. Fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this street?

The Sunguvarchattram Sub Registrar Office covers Perumal koil street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the government and is based on various factors, including land classification and location. It is subject to periodic revisions, which reflect changes in the local real estate market.