Guideline Value for PERUMAL KOVIL SOUTH STREET

Perumal Kovil South Street guideline value

The current guideline value of Perumal Kovil South 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 Street has changed

The guideline value for Perumal Kovil South Street has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, representing 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 in the register.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO with a guideline value for 2024 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 Street's 2024 figure above this median.

• Perumal Kovil South Cross Street: Rs 1,320 per sq.ft (2024)
• Perumal Kovil North 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 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 fees to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Kovil South Street?

The Sub Registrar Office that covers Perumal Kovil South 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 plays a crucial role in property transactions in Minjur, as it is used to determine the stamp duty and registration fees. When a property is sold, the guideline value is referenced to ensure that the appropriate taxes are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Perumal Kovil South 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 is an overall increase of 64%.

What is the registration office for Perumal Kovil South Street?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Are there other streets in Minjur with similar guideline values?

Yes, other streets in Minjur, such as Perumal Kovil South Cross Street, Perumal Kovil North Street, and Perumal Kovil Street, also have a guideline value of Rs 1,320 per sq.ft in 2024.