Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 850 per sq.ft. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - I.

How the guideline value of Perumal Kovil Street has changed

The guideline value for Perumal Kovil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 850 per sq.ft, a significant increase from the 2023 revision of Rs 250 per sq.ft. This change represents a remarkable increase of 240% from the previous year. Looking further back, the 2017 revision recorded a guideline value of Rs 167 per sq.ft, which means there has been an overall increase of 409% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available figures are from 2017, 2023, and 2024.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Perumal Kovil Street's 2024 guideline value of Rs 850 per sq.ft is above this median.

• Pillaiyar Kovil Street: Rs 850 per sq.ft (2024)
• Pallikooda Street: Rs 300 per sq.ft (2024)
• Punitha Valanar Street: Rs 400 per sq.ft (2024)
• Rajaveethi: Rs 250 per sq.ft (2024)
• Ramakka Chathiram: Rs 300 per sq.ft (2024)
• New Andal Nagar: Rs 300 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 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total fees together to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed 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.

To find your SRO, you can visit find your SRO.

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

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

When registering a property, the guideline value is used to calculate the necessary fees. The stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is accurately recorded and taxed according to government standards.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, and then to Rs 850 per sq.ft in 2024, marking an overall increase of 409% from 2017 to 2024.

What is the land classification of Perumal Kovil Street?

Perumal Kovil Street is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the registration office for Perumal Kovil Street?

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

How is the stamp duty calculated for properties in Santhavellur_B?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 8,50,000 would incur a stamp duty of Rs 59,500 at the rate of 7%.