Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 126 per sq.ft, effective from 1 July 2024. This street is located in Vayaloor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II 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. The 2012 revision set the value at Rs 125 per sq.ft, which was a decrease of 33% from Rs 84 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased by 50% to Rs 126 per sq.ft, and this figure remained unchanged in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Vayaloor

In Vayaloor, there are 18 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 105 to Rs 155 per sq.ft. The median value for these streets is Rs 105 per sq.ft, making Perumal Kovil Street's guideline value above that median.

• Palla Colony: Rs 105 per sq.ft (2024)
• Mettu Colony: Rs 105 per sq.ft (2024)
• School Street: Rs 155 per sq.ft (2024)
• Kulakarai Street: Rs 155 per sq.ft (2024)
• Kolla Colony: Rs 105 per sq.ft (2024)
• Stalin Nagar: Rs 155 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 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total to Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Vayaloor. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected. This value helps maintain transparency and standardization in 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 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 126 per sq.ft from 2023 to 2024, increased by 50% from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in 2023, and decreased from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017.

What is the land classification for Perumal Kovil Street?

The land classification for Perumal Kovil Street is Residential Class II Type - I.

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

For a 1,000 sq.ft plot at the guideline value of Rs 126 per sq.ft, the total guideline value would be Rs 1,26,000. The stamp duty would be Rs 8,820, and the registration fee would be Rs 2,520, totaling Rs 11,340.

Which Sub Registrar Office covers Perumal Kovil Street?

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