Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street in Mudhukoor village is Rs 250 per sq.ft, 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

Over the years, the guideline value for Perumal Kovil Street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 250 per sq.ft. The 2017 revision marked a significant increase to Rs 167 per sq.ft, which was a decrease of 33% from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 50%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained stable, with no change from Rs 250 per sq.ft.

Guideline values in Mudhukoor

In Mudhukoor, there are 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, positioning Perumal Kovil Street above this median.

• Pillaiyar Koil Street: Rs 250 per sq.ft (2024)
• PeriyaPalaiyathamman Kovil Street: Rs 200 per sq.ft (2024)
• OmSakthi Kovil Street: Rs 200 per sq.ft (2024)
• Narasamangalam Colony: Rs 200 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 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 is 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, bringing the total fees to 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 more details, 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 Mudhukoor

The guideline value is a critical factor during property registration in Mudhukoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. 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 since 2012, with a notable increase to Rs 167 per sq.ft in 2017, followed by a 50% increase to Rs 250 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007.

What is the classification of Perumal Kovil Street?

Perumal Kovil Street is classified as Residential Class I Type - I under the guideline value register.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Perumal Kovil Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

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