Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village and falls 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 seen several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, the value increased significantly to Rs 250 per sq.ft in the 2023 revision, maintaining this figure in the 2024 revision, resulting in a 50% increase from the 2017 value.

It is important to note that there are no figures available for this street in the revisions of 2002, 2003, and 2007. Overall, the guideline value has remained stable from 2012 to 2024, with no net change during this period.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value in this village is Rs 500 per sq.ft, placing Perumal Kovil Street's 2024 figure below this median.

• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Prime City: Rs 670 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Radha Garden: Rs 2,400 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Ramakka Chathiram: Rs 305 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 amounts to 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, totaling 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Kovil Street?

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

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Santhavellur. It is used to determine 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 to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the value of the property being transferred.

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 seen various changes, from Rs 250 per sq.ft in 2012, dropping to Rs 167 per sq.ft in 2017, then rising back to Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Santhavellur?

The median guideline value for streets in Santhavellur is Rs 500 per sq.ft, with Perumal Kovil Street's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Perumal Kovil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

Which office handles property registrations for Perumal Kovil Street?

The Sunguvarchattram Sub Registrar Office handles property registrations for Perumal Kovil Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.