Guideline Value for Perumal Kovil Street(Pudur)

Perumal Kovil Street(Pudur) guideline value

The current guideline value of Perumal Kovil Street(Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

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

Over the years, the guideline value of Perumal Kovil Street(Pudur) has seen several revisions. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, this value dropped to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. The most recent revisions show a rise, with the value increasing to Rs 1,800 per sq.ft in 2023 and then to Rs 1,900 per sq.ft in 2024, reflecting a 6% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 280%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Perumal Kovil Street(Pudur) is below this median.

• Perumal Koil Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Perumal Koil Street (S.V.Nagar ): Rs 1,900 per sq.ft (2024)
• Perumal Koil Street (S.No.69): Rs 1,300 per sq.ft (2024)
• Perumal Koil Street Gandhi Nagar: Rs 1,800 per sq.ft (2024)
• Perumal Koil Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Periyar Street(V.L. Puram): Rs 2,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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(Pudur)?

The Sub Registrar Office that covers Perumal Kovil Street(Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Oragadam, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the buyer and seller must adhere to the guideline value set for that specific area. This ensures that the transaction is documented accurately and that the appropriate fees are paid to the government, thereby maintaining transparency in property dealings.

Frequently asked questions

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

The current guideline value of Perumal Kovil Street(Pudur) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 500 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024. Notably, there was a 49% increase from 2017 to 2023.

What is the classification of land on Perumal Kovil Street(Pudur)?

Perumal Kovil Street(Pudur) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for properties on this street?

The registration office for properties on Perumal Kovil Street(Pudur) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Oragadam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,00,000, the stamp duty would be calculated at 7% of this amount.