Guideline Value for Perumal koil street

Perumal koil street guideline value

The current guideline value of Perumal koil street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Poonthandalam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Perumal koil street has changed

The guideline value for Perumal koil street has seen several revisions over the years. The 2012 revision recorded a value of Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 300 per sq.ft in 2023, and finally rose to Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2017 revision did not have a figure for this street, and there are no figures recorded in the register for the years 2002, 2003, and 2007.

Guideline values in Poonthandalam

Poonthandalam village has nine streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 550 per sq.ft, with the median value being Rs 330 per sq.ft. Perumal koil street's 2024 figure aligns with this median.

• Pillayar koil street: Rs 330 per sq.ft (2024)
• Parathapper amman koil street: Rs 330 per sq.ft (2024)
• Sai Jothi Nagar: Rs 440 per sq.ft (2024)
• Selliamman koil street: Rs 330 per sq.ft (2024)
• Gangaiamman koil street: Rs 330 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 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 330 per sq.ft, the guideline value would be Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Poonthandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When the property is registered, the guideline value helps ensure that the transaction is documented at a fair value, which is essential for both the buyer and the seller. This value is used to calculate the applicable duties and fees, making it an integral part of the property transaction process.

Frequently asked questions

What is the current guideline value of Perumal koil street?

The current guideline value of Perumal koil street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Perumal koil street?

Perumal koil street is classified as Residential Class I Type - III.

How is stamp duty calculated for property in Perumal koil street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty at 7% would be Rs 23,100.

Where can I find the Sub Registrar Office for Perumal koil street?

The Sub Registrar Office for Perumal koil street is located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information by visiting the relevant link.