Guideline Value for PERUMAL STREET (OR)PERUMAL NAIYACKKAN STREET

Perumal Street (Or)perumal Naiyackkan Street guideline value

The current guideline value of Perumal Street (Or)perumal Naiyackkan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kanchipuram Town village under the Kanchipuram Joint I SRO, classified as Residential Class III Type - III.

How the guideline value of Perumal Street (Or)perumal Naiyackkan Street has changed

Over the years, the guideline value for Perumal Street (Or)perumal Naiyackkan Street has seen several revisions. The 2012 revision set the guideline value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 revision to the 2024 revision shows a 10% increase in the guideline value.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Perumal Street (Or)perumal Naiyackkan Street below this median value.

• Pavalavannar Street: Rs 1,650 per sq.ft (2024)
• Parameeswaravinnagaram: Rs 1,100 per sq.ft (2024)
• Panjupettai Periya Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Otthavadai Street: Rs 1,100 per sq.ft (2024)
• Panjupettai Chinna Street: Rs 1,100 per sq.ft (2024)
• Panjukotti Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Street (Or)perumal Naiyackkan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would amount to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. 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 Street (Or)perumal Naiyackkan Street?

The Sub Registrar Office that covers Perumal Street (Or)perumal Naiyackkan Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kanchipuram Town. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are aligned with the official valuation set by the government.

When buying or selling property, the guideline value is considered to determine the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Perumal Street?

The current guideline value of Perumal Street (Or)perumal Naiyackkan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the other streets with similar guideline values in Kanchipuram Town?

Other streets in Kanchipuram Town with similar guideline values include Parameeswaravinnagaram, Panjupettai Periya Street, Panjupettai Otthavadai Street, and Panjupettai Chinna Street, all valued at Rs 1,100 per sq.ft in 2024.

What is the registration fee for property transactions?

The registration fee is calculated as 2% of the guideline value. For example, if the guideline value is Rs 11,00,000, the registration fee would be Rs 22,000.

Where can I find the Sub Registrar Office for Perumal Street?

The Sub Registrar Office covering Perumal Street (Or)perumal Naiyackkan Street is located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.