Guideline Value for Perumal Kovil Street (colony)

Perumal Kovil Street (colony) guideline value

The current guideline value of Perumal Kovil Street (colony) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vattampakkam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Kovil Street (colony) has changed

The guideline value for Perumal Kovil Street (colony) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. The 2024 revision maintains this figure of Rs 200 per sq.ft, resulting in no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,790 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Perumal Kovil Street (colony) below this median.

• Pethel Nagar: Rs 426 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Ponniamman Kovil Street (colony): Rs 200 per sq.ft (2024)
• Parivender Nagar: Rs 500 per sq.ft (2024)
• OMS green city: Rs 1,790 per sq.ft (2024)
• Rockey Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Kovil Street (colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 details.

Which Sub Registrar Office covers Perumal Kovil Street (colony)?

The Sub Registrar Office that covers Perumal Kovil Street (colony) 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 Vattampakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Vattampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street (colony)?

The current guideline value of Perumal Kovil Street (colony) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023. The 2024 revision maintains this value.

What are the other streets in Vattampakkam with their guideline values?

Other streets in Vattampakkam have varying guideline values, with some streets like Pethel Nagar at Rs 426 per sq.ft and Parivender Nagar at Rs 500 per sq.ft. Perumal Kovil Street (colony) is below the median value of Rs 250 per sq.ft.

What are the stamp duty and registration fees for property in Perumal Kovil Street (colony)?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office covers Perumal Kovil Street (colony)?

The Sunguvarchattram Sub Registrar Office covers Perumal Kovil Street (colony), located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.