Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Agaram village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Perumal Kovil Street has changed

The guideline value for Perumal Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the latest 2024 revision has set it at Rs 102 per sq.ft, marking a 2% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 2%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agaram

Agaram village has 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 102 to Rs 374 per sq.ft, with a median value of Rs 126 per sq.ft. The guideline value of Perumal Kovil Street is below this median.

• Nammalwar Nagar: Rs 374 per sq.ft (2024)
• Mettu Street: Rs 102 per sq.ft (2024)
• Sri Ram Avenue: Rs 150 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 352 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, resulting in a total of Rs 9,180. 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?

The Sub Registrar Office that covers Perumal Kovil 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Agaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives due revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers and sellers to be aware of the current guideline value to ensure a smooth transaction process during registration.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What is the stamp duty for property on Perumal Kovil Street?

The stamp duty for property on Perumal Kovil Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 1,02,000, the stamp duty would be Rs 7,140.

Which office handles registrations for Perumal Kovil Street?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it sets the minimum value for calculating stamp duty and registration fees during property transactions. It ensures transparency and fairness in the registration process.