Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street in Sokandi village is Rs 275 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - II.

How the guideline value of Perumal Kovil Street has changed

Looking at the revisions, the guideline value for Perumal Kovil Street was Rs 275 per sq.ft in both the 2023 and 2024 revisions. In the 2017 revision, the value was Rs 184 per sq.ft, which reflects a significant increase of 49% from 2017 to 2023. In the 2012 revision, the value was Rs 275 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 275 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sokandi

In Sokandi village, there are 35 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 181 to Rs 1,000 per sq.ft, with a median value of Rs 300 per sq.ft. Perumal Kovil Street's 2024 figure is below this median.

• Perumal Kovil Street (colonyi): Rs 181 per sq.ft (2024)
• Ponniamman nagar: Rs 250 per sq.ft (2024)
• RIO Teak garden: Rs 250 per sq.ft (2024)
• Sagaya Annai Nagar: Rs 200 per sq.ft (2024)
• Model Town: Rs 250 per sq.ft (2024)
• Sebastian Avenue: Rs 450 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 rate of Rs 275 per sq.ft, the guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. 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 more details.

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 Sokandi

The guideline value is a crucial factor when registering property transactions in Sokandi. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, aligning the sale price with the official value set by the authorities.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 275 per sq.ft in both the 2023 and 2024 revisions. It increased from Rs 184 per sq.ft in 2017, reflecting a 49% rise.

What is the land classification for Perumal Kovil Street?

Perumal Kovil Street is classified as Residential Special Type - II under the Sunguvarchattram SRO.

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

For a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250 and the registration fee would be Rs 5,500, totaling Rs 24,750.

Which office handles registrations for Perumal Kovil Street?

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