Guideline Value for RAJANKUPPAM PERUMAL KOIL STREET

Rajankuppam Perumal Koil Street guideline value

The current guideline value of Rajankuppam Perumal Koil Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Perumalagaram village under the Chennai South Joint II SRO and is classified as Residential Class III Type - II.

How the guideline value of Rajankuppam Perumal Koil Street has changed

The guideline value for Rajankuppam Perumal Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 750 per sq.ft in the 2023 revision, and it further increased to Rs 825 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 7,920 per sq.ft, with a median value of Rs 3,190 per sq.ft. The guideline value for Rajankuppam Perumal Koil Street is below this median.

• Rajankuppam Perumal Koil To Ambattur Vanagaram Road: Rs 2,970 per sq.ft (2024)
• Rajankuppam Perumal Koil To Ponniamman Nagar: Rs 1,650 per sq.ft (2024)
• Ramakrishnan Street: Rs 3,190 per sq.ft (2024)
• Ramkumar Street: Rs 3,190 per sq.ft (2024)
• Pradeesh Street: Rs 3,190 per sq.ft (2024)
• Rani Anna Nagar 1 To 4 Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Rajankuppam Perumal Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajankuppam Perumal Koil Street?

The Sub Registrar Office that covers Rajankuppam Perumal Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perumalagaram. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When purchasing or selling property, the guideline value serves as a reference point to ensure that the transaction is documented accurately. This value helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Rajankuppam Perumal Koil Street?

The current guideline value of Rajankuppam Perumal Koil Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for Rajankuppam Perumal Koil Street?

Rajankuppam Perumal Koil Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office that covers Rajankuppam Perumal Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.