Guideline Value for Srinivasa Perumal Koil Street

Srinivasa Perumal Koil Street guideline value

The current guideline value of Srinivasa Perumal Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Srinivasa Perumal Koil Street has changed

The guideline value register for Srinivasa Perumal Koil Street has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, where the guideline value is set at Rs 2,200 per sq.ft.

This street's guideline value was introduced in the 2024 revision, and there have been no changes reported between the revisions listed above.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, making the Rs 2,200 per sq.ft for Srinivasa Perumal Koil Street below this median.

• Srinivasan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Srinivasan Street: Rs 2,700 per sq.ft (2024)
• Srinivasapuram: Rs 2,700 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 2,700 per sq.ft (2024)
• Srinivasa 2nd Lane: Rs 1,900 per sq.ft (2024)
• Srinivasa 1st Lane: Rs 1,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please 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 Srinivasa Perumal Koil Street?

The Sub Registrar Office covering Srinivasa Perumal Koil Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process for property transactions in Kodungaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

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

The current guideline value of Srinivasa Perumal Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

What is the classification of Srinivasa Perumal Koil Street?

Srinivasa Perumal Koil Street is classified as Residential Class II Type - I according to the local land classification.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.

Which office handles property registrations for this street?

The Madhavaram Sub Registrar Office handles property registrations for Srinivasa Perumal Koil Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.