Guideline Value for Singa Perumal Koil Street

Singa Perumal Koil Street guideline value

The current guideline value of Singa Perumal Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Singa Perumal Koil Street has changed

The guideline value for Singa Perumal Koil Street has undergone several revisions over the years. In 2007, the value was Rs 945 per sq.ft, which saw a significant increase to Rs 5,000 per sq.ft in 2012, marking a change of 429%. The value further increased by 20% to Rs 6,000 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2017, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 598%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the guideline value of Singa Perumal Koil Street.

• Singarachari Street: Rs 7,700 per sq.ft (2024)
• Singaravelan Street: Rs 5,500 per sq.ft (2024)
• Sivaprakasam lane: Rs 6,600 per sq.ft (2024)
• Sivaprakasam Street: Rs 6,600 per sq.ft (2024)
• Sherfuddin Garden Blind Lane: Rs 8,800 per sq.ft (2024)
• Sherfuddin Garden 2nd Lane: Rs 8,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Singa Perumal Koil Street?

The Sub Registrar Office that covers Singa Perumal Koil Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. This ensures transparency and fairness in property transactions within the area.

Frequently asked questions

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

The current guideline value of Singa Perumal Koil Street is Rs 6,600 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 945 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 598% over the years.

What is the land classification for Singa Perumal Koil Street?

The land classification for Singa Perumal Koil Street is Residential Class I Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office for Singa Perumal Koil Street located?

The Sub Registrar Office for Singa Perumal Koil Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be calculated at 7% of that amount.