Guideline Value for aLADIAMMAN KOIL STREET

aLADIAMMAN KOIL STREET guideline value

The current guideline value of aLADIAMMAN KOIL STREET is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of aLADIAMMAN KOIL STREET has changed

The guideline value for aLADIAMMAN KOIL STREET has undergone several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,725 per sq.ft from the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam village, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, which is equal to the current guideline value of aLADIAMMAN KOIL STREET.

• Aks Radiance Phase-II: Rs 3,300 per sq.ft (2024)
• Akiravini Street: Rs 850 per sq.ft (2024)
• A.D.P Avenue: Rs 2,725 per sq.ft (2024)
• American Advent Mission Housing Colony: Rs 2,725 per sq.ft (2024)
• American Advent Mission Nagar Main Road: Rs 2,725 per sq.ft (2024)
• Anandammal Nagar: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in aLADIAMMAN KOIL STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty, charged at 7%, would amount to Rs 1,90,750, while the registration fee at 2% would be Rs 54,500. Together, the total fees would be Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers aLADIAMMAN KOIL STREET?

The Sub Registrar Office covering aLADIAMMAN KOIL STREET is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perumbakkam. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will charge fees based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not lower than the guideline value to avoid legal issues. The registration fees and stamp duty are calculated based on this value, making it a significant factor in the buying and selling process.

Frequently asked questions

What is the current guideline value of aLADIAMMAN KOIL STREET?

The current guideline value of aLADIAMMAN KOIL STREET is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and is now Rs 2,725 per sq.ft in 2024.

What is the land classification of aLADIAMMAN KOIL STREET?

aLADIAMMAN KOIL STREET is classified as Residential Special Type - I.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in aLADIAMMAN KOIL STREET?

Stamp duty for properties in aLADIAMMAN KOIL STREET is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.