Guideline Value for Perumal koil street

Perumal koil street guideline value

The current guideline value of Perumal koil street is Rs 3,400 per sq.ft. This street is located in Satthankadu village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Perumal koil street has changed

The guideline value for Perumal koil street has undergone several revisions over the years. In 2002, the value was Rs 267 per sq.ft, which increased to Rs 309 per sq.ft in 2003, marking a change of +16%. The next significant revision occurred in 2007, where the value jumped to Rs 500 per sq.ft, an increase of +62%. Following this, the value saw a substantial rise to Rs 3,100 per sq.ft in 2012, which represented a remarkable increase of +520%. However, from 2012 to 2017, the value decreased to Rs 2,077 per sq.ft, reflecting a decline of -33%. The value then rose to Rs 3,100 per sq.ft in 2023, a +49% increase, and was revised again in 2024 to the current rate of Rs 3,400 per sq.ft, which is a +10% change.

The overall change from 2002 to 2024 indicates a significant increase of +1173% in the guideline value for Perumal koil street.

Guideline values in Satthankadu

In Satthankadu village, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value is Rs 3,400 per sq.ft, which is equal to the current guideline value for Perumal koil street.

• Pilliyar Koil street: Rs 3,400 per sq.ft (2024)
• Periyamettu palayam Streets/Road: Rs 3,400 per sq.ft (2024)
• Padmanabhan colony: Rs 3,400 per sq.ft (2024)
• Ottravadai Street: Rs 3,400 per sq.ft (2024)
• North PRAGARAM Street: Rs 3,400 per sq.ft (2024)
• North Pattai: Rs 3,400 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 3,400 per sq.ft, the guideline value would be Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, totaling Rs 3,06,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Perumal koil street?

The Sub Registrar Office that covers Perumal koil street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional details.

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

The guideline value plays a crucial role in property transactions in Satthankadu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and fairly in the official registers.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding the guideline value can help in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Perumal koil street?

The current guideline value of Perumal koil street is Rs 3,400 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 267 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, marking an overall increase of +1173%.

What is the land classification for Perumal koil street?

Perumal koil street is classified as Residential Special Type - III under the guideline value register.

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

The Sub Registrar Office for Perumal koil street is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties 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 34,00,000, the stamp duty would be Rs 2,38,000 at a rate of 7%.