Guideline Value for PERUMAL KOVIL SOUTH CROSS STREET

Perumal Kovil South Cross Street guideline value

The current guideline value of Perumal Kovil South Cross 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 is classified as Residential Special Type - I.

How the guideline value of Perumal Kovil South Cross Street has changed

The guideline value for Perumal Kovil South Cross Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, reflecting a change of 49%. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, marking 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 there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are a total of 179 streets under the Ponneri SRO that have a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Perumal Kovil South Cross Street's 2024 figure above that median.

• Perumal Kovil North 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 South Cross 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, bringing the total charges to Rs 1,18,800. 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 Perumal Kovil South Cross Street?

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

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

The guideline value plays a crucial role in property transactions in Minjur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is considered to ascertain the applicable charges. This ensures that the transaction is documented accurately and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Kovil South Cross Street?

The current guideline value of Perumal Kovil South Cross 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 changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the land classification for Perumal Kovil South Cross Street?

Perumal Kovil South Cross Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Perumal Kovil South Cross Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Minjur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.