Guideline Value for PERUMAL KOVIL STREET

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil 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 Street has changed

The guideline value for Perumal Kovil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 804 per sq.ft, indicating a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by +64%.

There are no figures available for the revisions in 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 for these streets is Rs 550 per sq.ft, positioning Perumal Kovil Street's 2024 figure above this median.

• Perumal Kovil South Street: Rs 1,320 per sq.ft (2024)
• Perumal Kovil South Cross Street: Rs 1,320 per sq.ft (2024)
• Perumal Kovil North 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Perumal Kovil Street?

The Sub Registrar Office that covers Perumal Kovil Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a rise from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, which is an overall increase of +64% across these years.

What is the median guideline value for streets in Minjur?

The median guideline value for the 179 streets in Minjur under the Ponneri SRO is Rs 550 per sq.ft, with Perumal Kovil Street's current value being above this median.

What are the stamp duty and registration fees for properties in Perumal Kovil Street?

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 for these fees.

Which office handles property registrations for Perumal Kovil Street?

The Ponneri Sub Registrar Office handles property registrations for Perumal Kovil Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.