Guideline Value for Perumalkoil Street

Perumalkoil Street guideline value

The current guideline value of Perumalkoil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nariyampakkam village, under the Sriperumpudur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Perumalkoil Street has changed

Looking at the historical revisions, the guideline value for Perumalkoil Street has seen several changes over the years. In 2012, the value was set at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. Following this, the value increased by 50% to Rs 250 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

The revisions for the years 2002, 2003, and 2007 have no figures recorded for Perumalkoil Street in the register. Overall, from 2012 to 2024, the guideline value has remained at Rs 250 per sq.ft.

Guideline values in Nariyampakkam

In Nariyampakkam, there are 17 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is the same as the guideline value for Perumalkoil Street.

• Pallavan street: Rs 250 per sq.ft (2024)
• Ramadoss street: Rs 250 per sq.ft (2024)
• Seenivasa Nagar: Rs 250 per sq.ft (2024)
• S.M. Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sri Ragavendra Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Perumalkoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumalkoil Street?

The Sub Registrar Office that covers Perumalkoil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Nariyampakkam. It is used to determine the stamp duty and registration fees that buyers need to pay when registering a property. This ensures that the fees are calculated based on a standardized value set by the government.

When selling a property, the guideline value is also a reference point for both buyers and sellers to understand the legal valuation of the property. It helps in ensuring transparency and compliance with the local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Perumalkoil Street?

The current guideline value of Perumalkoil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the median guideline value for streets in Nariyampakkam?

The median guideline value for streets in Nariyampakkam is Rs 250 per sq.ft, which is the same as the guideline value for Perumalkoil Street.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Perumalkoil Street located?

The Sub Registrar Office for Perumalkoil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.