Guideline Value for PERUMAL KOVIL NORTH STREET

Perumal Kovil North Street guideline value

The current guideline value of Perumal Kovil North Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Perumal Kovil North Street has changed

The guideline value for Perumal Kovil North Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value in this area is Rs 550 per sq.ft, and Perumal Kovil North Street's 2024 figure is above that median.

• Perumal Kovil South Cross Street: Rs 1,320 per sq.ft (2024)
• Perumal Kovil South Street: Rs 1,320 per sq.ft (2024)
• Perumal Kovil Street: Rs 1,320 per sq.ft (2024)
• Pazhathottam Street: Rs 550 per sq.ft (2024)
• Pappa Palayam: Rs 550 per sq.ft (2024)
• Puduppedu Kuyavar St: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Kovil North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges together Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Kovil North Street?

The Sub Registrar Office that covers Perumal Kovil North Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical reference point for property transactions in Minjur. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value serves as the minimum value for calculating these fees. Buyers should be aware that the actual sale price may be higher, but the duty is charged on the higher of the two values.

Frequently asked questions

What is the current guideline value of Perumal Kovil North Street?

The current guideline value of Perumal Kovil North Street is Rs 1,320 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 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, which represents a total increase of 64% over this period.

What are the other streets with the same guideline value in Minjur?

Other streets in Minjur that share the same guideline value of Rs 1,320 per sq.ft as Perumal Kovil North Street include Perumal Kovil South Cross Street, Perumal Kovil South Street, and Perumal Kovil Street.

What is the registration fee for property in Perumal Kovil North Street?

The registration fee for property in Perumal Kovil North Street is calculated at 2% of the guideline value. For a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.

Where can I find the Sub Registrar Office for Minjur?

The Sub Registrar Office for Minjur is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can also find more details online.