Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Koozhangacheri village under the Sunguvarchattram SRO, classified as Residential Class III Type - I.

How the guideline value of Perumal Kovil Street has changed

The guideline value for Perumal Kovil Street has undergone several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which remained unchanged until the next revision in 2017, where it was reduced to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The most recent revision in 2024 maintained this value, showing a change of 0% from the previous year.

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, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in the village is Rs 226 per sq.ft, indicating that the 2024 figure for Perumal Kovil Street is below this median.

• Rajiv Gandhi Nagar: Rs 226 per sq.ft (2024)
• New Mellaniam Nagar: Rs 226 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• Rathinapuri: Rs 226 per sq.ft (2024)
• Navarthinapuri: Rs 400 per sq.ft (2024)
• Navarathnapuri Phase - II: Rs 747 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty, calculated at 7%, would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, 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 information.

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

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

When a property is sold or purchased, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the government. This value is used to calculate the fees applicable, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, showing a 49% increase from 2017 to 2023.

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

Other streets in Koozhangacheri include Rajiv Gandhi Nagar and New Mellaniam Nagar at Rs 226 per sq.ft, Nehru Nagar and Navarthinapuri at Rs 400 per sq.ft, Rathinapuri at Rs 226 per sq.ft, and Navarathnapuri Phase - II at Rs 747 per sq.ft.

How is stamp duty calculated for properties in Koozhangacheri?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Sunguvarchattram Sub Registrar Office located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.