Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Bheema Puram village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Perumal Kovil Street has changed

Over the years, the guideline value of Perumal Kovil Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 100 per sq.ft, maintaining the same figure in the 2024 revision as well, resulting in a 49% increase from the 2017 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Bheema Puram

In Bheema Puram, three streets under the Sunguvarchattram SRO have a 2024 guideline value of Rs 100 per sq.ft, which is also the median for the area. Perumal Kovil Street's 2024 figure aligns with this median.

• Ponniamman Kovil Street: Rs 100 per sq.ft (2024)
• Mariamman Kovil Street: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. It is essential 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?

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 more details.

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

The guideline value is a crucial factor during property registration in Bheema Puram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 100 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 back to Rs 100 per sq.ft in both 2023 and 2024.

What is the land classification for Perumal Kovil Street?

Perumal Kovil Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Perumal Kovil Street?

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

How is the stamp duty calculated for property in Perumal Kovil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,000.