Guideline Value for Sundararaja Perumal Koil Street Insurance Hospital

Sundararaja Perumal Koil Street Insurance Hospital guideline value

The current guideline value of Sundararaja Perumal Koil Street Insurance Hospital is Rs 4,400 per sq.ft. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Commercial Special Type - IV.

How the guideline value of Sundararaja Perumal Koil Street Insurance Hospital has changed

Over the years, the guideline value for Sundararaja Perumal Koil Street has seen significant changes. In 2002, the guideline value was Rs 448 per sq.ft, which increased to Rs 488 per sq.ft in 2003. Following this, the value rose substantially by 105% to Rs 1,000 per sq.ft in 2007. The 2012 revision saw a decrease of 33%, bringing the value back to Rs 4,000 per sq.ft. In 2017, it increased to Rs 2,680 per sq.ft, and then to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2002 to 2024, the overall increase in the guideline value is notable, amounting to 882%. The revisions from 2012 to 2017 and 2017 to 2023 indicate fluctuations in the guideline value, but there are no figures available for the years not explicitly mentioned in the register.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median for these streets is Rs 3,301 per sq.ft, positioning Sundararaja Perumal Koil Street Insurance Hospital above this median.

• Sundararaja Perumal Colony Main Road: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Koil Street (Maniyammai Nagar): Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 9th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Koil Street North: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 8th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Koil Street South: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundararaja Perumal Koil Street Insurance Hospital

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. In total, the fees would amount to Rs 3,96,000. 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 Sundararaja Perumal Koil Street Insurance Hospital?

The Sembiam Sub Registrar Office covers Sundararaja Perumal Koil Street Insurance Hospital. The office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is crucial during the registration of property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue from property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Koil Street Insurance Hospital?

The current guideline value of Sundararaja Perumal Koil Street Insurance Hospital is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 448 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 882% over this period.

What is the land classification for Sundararaja Perumal Koil Street?

The land classification for Sundararaja Perumal Koil Street is Commercial Special Type - IV.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 3,96,000.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can also find your SRO using the relevant online tools.