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. This street is located in Santhavellur_C village 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 remained consistent at Rs 250 per sq.ft for both the 2023 and 2024 revisions. The previous revision in 2017 had a guideline value of Rs 167 per sq.ft, marking a 50% increase to the current value over the seven-year period.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 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 350 per sq.ft. Perumal Kovil Street's current guideline value is below this median.

• Pillaiyar Kovil Street: Rs 200 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)
• mother Therasa 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges 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 Santhavellur_C

The guideline value is a crucial factor when buying or selling property in Santhavellur_C. It serves as a benchmark for the registration of property transactions, ensuring that the value is recorded accurately for legal and taxation purposes.

When a property is registered, the guideline value helps determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during 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 the same at Rs 250 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased from Rs 167 per sq.ft to Rs 250 per sq.ft, marking a 50% increase.

What is the land classification for Perumal Kovil Street?

Perumal Kovil Street is classified as Residential Class III Type - I, indicating its designation for residential purposes within the area.

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

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

How is stamp duty calculated for properties in Santhavellur_C?

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 2,50,000 would incur a stamp duty of Rs 17,500 at a rate of 7%.