Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 100 per sq.ft. This street is located in Suramanikuppam village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Kovil Street has changed

Over the years, the guideline value for Perumal Kovil Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a decrease from Rs 100 to Rs 67 per sq.ft, marking a -33% change. The value increased to Rs 100 per sq.ft again in the 2023 revision, and it has remained the same in the 2024 revision, showing a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 100 per sq.ft.

It is important to note that the register has no figures for Perumal Kovil Street for the years 2002, 2003, and 2007. The values from the revisions indicate a significant increase of 49% from the 2017 revision to the 2023 revision, but no change in the most recent revision.

Guideline values in Suramanikuppam

In Suramanikuppam, there are four streets under the Sunguvarchattram SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Perumal Kovil Street's 2024 figure aligns with this median.

• Road Street: Rs 100 per sq.ft (2024)
• Thanthoniamman Kovil Street: Rs 100 per sq.ft (2024)
• Bajanai Kovil Street: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. 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 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 Suramanikuppam

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Suramanikuppam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall costs associated with property transactions. Understanding the guideline value helps in budgeting for the additional expenses that come with property registration.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 100 per sq.ft in both 2023 and 2024. It was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012.

What is the land classification for Perumal Kovil Street?

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

Where is the Sub Registrar Office for Perumal Kovil Street located?

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

How is stamp duty calculated for properties in Suramanikuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000, leading to a stamp duty of Rs 7,000.