Guideline Value for Perumal Kovil Cross Street

Perumal Kovil Cross Street guideline value

The current guideline value of Perumal Kovil Cross Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Perumal Kovil Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it was adjusted to Rs 201 per sq.ft, reflecting a decrease of 33%. The value then increased by 49% to Rs 300 per sq.ft in the 2023 revision. The current 2024 revision also maintains the guideline value at Rs 300 per sq.ft, showing no change from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, making the guideline value of Perumal Kovil Cross Street below this median.

• Perumal Kovil Street: Rs 300 per sq.ft (2024)
• Periyar Street: Rs 300 per sq.ft (2024)
• Periyar Cross Street: Rs 600 per sq.ft (2024)
• Ponmani Nagar: Rs 600 per sq.ft (2024)
• Ponmani Nagar Phase-II: Rs 800 per sq.ft (2024)
• Pon Nagar: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Kovil Cross Street?

The Sub Registrar Office that covers Perumal Kovil Cross Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Molachoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value affects the stamp duty and registration fees that need to be paid. These fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Perumal Kovil Cross Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the land classification for Perumal Kovil Cross Street?

Perumal Kovil Cross Street is classified as Residential Class IV Type - II under the local land classification system.

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

For a property valued at the guideline rate of Rs 300 per sq.ft, the stamp duty is 7% and the registration fee is 2%, totaling Rs 27,000 for a 1,000 sq.ft plot.

Which office handles property registrations for this street?

The Sunguvarchattram Sub Registrar Office handles property registrations for Perumal Kovil Cross Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.