Guideline Value for Sundararaja Perumal Koil Street North

Sundararaja Perumal Koil Street North guideline value

The current guideline value of Sundararaja Perumal Koil Street North is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Commercial Special Type - IV.

How the guideline value of Sundararaja Perumal Koil Street North has changed

Over the years, the guideline value of Sundararaja Perumal Koil Street North has seen significant changes. In 2002, the value was Rs 448 per sq.ft, which increased to Rs 488 per sq.ft in 2003. Following this, the value rose to Rs 1,400 per sq.ft in 2007, and then to Rs 4,000 per sq.ft in 2012. However, it saw a decrease to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023 before reaching the current rate of Rs 4,400 per sq.ft in 2024.

The changes between these revisions highlight a notable increase in value. From 2002 to 2024, the overall increase is +882%. The value rose by +10% from 2023 to 2024, and there was a significant increase of +49% from 2017 to 2023. Other notable changes include a decrease of -33% from 2012 to 2017 and an increase of +186% from 2007 to 2012.

Guideline values in Peravallur

In Peravallur village, 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 guideline value for the village is Rs 3,301 per sq.ft, making Sundararaja Perumal Koil Street North's 2024 figure of Rs 4,400 per sq.ft above that median.

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

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

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 at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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 North?

The Sub Registrar Office that covers Sundararaja Perumal Koil Street North is the Sembiam Sub Registrar Office, 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 plays a crucial role in property transactions in Peravallur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers should be aware of the guideline value to ensure they comply with the registration requirements.

When registering a property, the guideline value is considered to ensure that the correct fees are applied. It is essential for buyers to understand that the guideline value may differ from the actual sale price, and the higher of the two will determine the fees payable.

Frequently asked questions

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

The current guideline value of Sundararaja Perumal Koil Street North is Rs 4,400 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 448 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of +882% over this period.

What is the stamp duty rate for properties in Sundararaja Perumal Koil Street North?

The stamp duty rate for properties in Sundararaja Perumal Koil Street North is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures compliance with registration requirements and helps determine the fees payable based on the higher of the guideline value or the sale price.