Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in MummoodiKuppam village under the Sunguvarchattram SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Perumal Kovil Street has changed

The guideline value for Perumal Kovil Street has seen several revisions over the years. In 2012, the value was set at Rs 175 per sq.ft, which was then revised to Rs 117 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 175 per sq.ft. The 2023 revision maintained this value, and the current guideline value remains unchanged at Rs 175 per sq.ft from the 2023 to the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 175 per sq.ft.

Guideline values in MummoodiKuppam

In MummoodiKuppam, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 350 per sq.ft. The median value for these streets is Rs 150 per sq.ft, and Perumal Kovil Street's 2024 figure of Rs 175 per sq.ft is above that median.

• Pallaikara Street: Rs 175 per sq.ft (2024)
• Mummoodikuppam Colony: Rs 126 per sq.ft (2024)
• School Street: Rs 175 per sq.ft (2024)
• Sravana Farm House: Rs 150 per sq.ft (2024)
• Kizhandai Third Street: Rs 150 per sq.ft (2024)
• Kizhandai Second Street: Rs 150 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 175 per sq.ft, the total guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total fees to Rs 15,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

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 MummoodiKuppam

The guideline value is an essential factor when registering property transactions in MummoodiKuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. It is crucial for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 117 per sq.ft in 2017, then back to Rs 175 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the guideline values of other streets in MummoodiKuppam?

Other streets in MummoodiKuppam have varying guideline values, with rates ranging from Rs 126 to Rs 350 per sq.ft. Perumal Kovil Street's value of Rs 175 per sq.ft is above the median value of Rs 150 per sq.ft for the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 175 per sq.ft would incur a total fee of Rs 15,750.

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.