Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street in Kottaiyoor village is Rs 250 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I 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 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50% back to Rs 250 per sq.ft. The 2024 revision has kept this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Perumal Kovil Street in the register. Thus, the revisions we can track are from 2012 onwards.

Guideline values in Kottaiyoor

In Kottaiyoor, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 900 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Perumal Kovil Street.

• Ponniamman Kullakarai Street: Rs 200 per sq.ft (2024)
• Padasalai Street: Rs 250 per sq.ft (2024)
• Sarava Form House: Rs 150 per sq.ft (2024)
• Mariamman Kovil street: Rs 200 per sq.ft (2024)
• Spectrum Enclaive: Rs 300 per sq.ft (2024)
• Kullakarai Cross Street: Rs 200 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or 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 Kottaiyoor

The guideline value is a crucial factor when buying or selling property in Kottaiyoor. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is assessed, and the stamp duty is calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017 and an increase back to Rs 250 per sq.ft in 2023.

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

Other streets in Kottaiyoor have a range of guideline values, with the median being Rs 250 per sq.ft. Examples include Ponniamman Kullakarai Street at Rs 200 per sq.ft and Spectrum Enclaive at Rs 300 per sq.ft.

What fees are applicable when registering property in Perumal Kovil Street?

When registering property in Perumal Kovil Street, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Perumal Kovil Street located?

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