Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village under the Sunguvarchattram SRO and is classified as Residential Class IV Type - II.

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 300 per sq.ft, which remained unchanged in the 2017 revision, where it was adjusted to Rs 201 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2024 revision has maintained this value, 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 in the register for this street. Overall, the guideline value from 2012 to 2024 has remained unchanged at Rs 300 per sq.ft.

Guideline values in Molachoor

In Molachoor village, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, indicating that Perumal Kovil Street's 2024 figure is below this median.

• Perumal Kovil Cross Street: Rs 300 per sq.ft (2024)
• Periyar Street: Rs 300 per sq.ft (2024)
• Periyar Cross Street: Rs 600 per sq.ft (2024)
• Ponmani Nagar: Rs 600 per sq.ft (2024)
• Ponmani Nagar Phase-II: Rs 800 per sq.ft (2024)
• Pon Nagar: Rs 500 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important 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 further assistance.

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

The guideline value plays a crucial role when buying or selling property in Molachoor. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is a key factor in the financial aspects of property transactions.

When registering a property, it is essential to refer to the current guideline value to ensure that all fees are accurately calculated. This value serves as a benchmark for the official documentation and helps facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The value decreased to Rs 201 per sq.ft in 2017 from Rs 300 per sq.ft in 2012.

What is the land classification for Perumal Kovil Street?

Perumal Kovil Street is classified as Residential Class IV Type - II, indicating its designated use for residential purposes.

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

The stamp duty for property in Perumal Kovil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 21,000.

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. This office handles all registrations for properties in the area.