Guideline Value for Srinivasa Perumal Koil Street/Perumal Koil Street

Srinivasa Perumal Koil street/Perumal Koil street guideline value

The current guideline value for Srinivasa Perumal Koil street/Perumal Koil street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ernavur village and falls under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Srinivasa Perumal Koil street/Perumal Koil street has changed

The guideline value for Srinivasa Perumal Koil street/Perumal Koil street has seen several revisions over the years. In 2007, the guideline value was Rs 350 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 271%. However, from 2012 to 2017, the value decreased to Rs 871 per sq.ft, a drop of 33%. The value then rose again to Rs 1,300 per sq.ft in 2023, and most recently, it has been set at Rs 1,400 per sq.ft in the 2024 revision, reflecting an 8% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Srinivasa Perumal Koil street/Perumal Koil street is below this median.

• Sri Rangam New Town And All Phases: Rs 3,800 per sq.ft (2024)
• S.V.M.Nagar: Rs 1,600 per sq.ft (2024)
• Shanthi Colony: Rs 1,400 per sq.ft (2024)
• Thirumoorthi Nagar: Rs 3,300 per sq.ft (2024)
• Thiruvalluvar Nagar/Street: Rs 1,600 per sq.ft (2024)
• Thiruveethiyamman Koil Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa Perumal Koil street/Perumal Koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Perumal Koil street/Perumal Koil street?

The Sub Registrar Office that covers Srinivasa Perumal Koil street/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 more information.

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

The guideline value is an important factor when registering property in Ernavur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value for Srinivasa Perumal Koil street/Perumal Koil street?

The current guideline value for Srinivasa Perumal Koil street/Perumal Koil street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the land classification for this street?

The land classification for Srinivasa Perumal Koil street/Perumal Koil street is Residential Class I Type - III.

Where can I find the Thiruvottiyur Sub Registrar Office?

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

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. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 98,000.