Guideline Value for Perumal Kovil Street (colonyi)

Perumal Kovil Street (colonyi) guideline value

The current guideline value of Perumal Kovil Street (colonyi) is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Sokandi village under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

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

The guideline value of Perumal Kovil Street (colonyi) has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, followed by a decrease to Rs 121 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by just 1%.

Guideline values in Sokandi

In Sokandi village, there are 35 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 181 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, indicating that Perumal Kovil Street's value is below this median.

• Perumal Kovil Street: Rs 275 per sq.ft (2024)
• Ponniamman nagar: Rs 250 per sq.ft (2024)
• RIO Teak garden: Rs 250 per sq.ft (2024)
• Sagaya Annai Nagar: Rs 200 per sq.ft (2024)
• Model Town: Rs 250 per sq.ft (2024)
• Sebastian Avenue: Rs 450 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, leading to a total of Rs 16,290. 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 Kovil Street (colonyi)?

The Sub Registrar Office that covers Perumal Kovil Street (colonyi) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sokandi. It serves as the baseline for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the registration process is transparent and based on established values.

Frequently asked questions

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

The current guideline value of Perumal Kovil Street (colonyi) is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then to Rs 181 per sq.ft in 2023 and 2024, with no figures available for the years 2002, 2003, and 2007.

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

Other streets in Sokandi include Perumal Kovil Street at Rs 275 per sq.ft, Ponniamman nagar at Rs 250 per sq.ft, RIO Teak garden at Rs 250 per sq.ft, Sagaya Annai Nagar at Rs 200 per sq.ft, Model Town at Rs 250 per sq.ft, and Sebastian Avenue at Rs 450 per sq.ft.

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

For a 1,000 sq.ft plot at the guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty would be Rs 12,670, and the registration fee would be Rs 3,620, totaling Rs 16,290.

Which office handles the registration for Perumal Kovil Street (colonyi)?

The registration for Perumal Kovil Street (colonyi) is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.