Guideline Value for Perumal Kovil Street

Perumal Kovil Street guideline value

The current guideline value of Perumal Kovil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as 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 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further raised the value to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

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, the guideline value has increased by 62%.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the current guideline value of Perumal Kovil Street.

• Perumal Koil street West: Rs 1,300 per sq.ft (2024)
• Perumal Koil Street East: Rs 1,300 per sq.ft (2024)
• P.K.M.Cross Street: Rs 1,200 per sq.ft (2024)
• Ponniamman Koil Street: Rs 1,200 per sq.ft (2024)
• Ponniamman Nagar: Rs 1,200 per sq.ft (2024)
• Ponniamman nagar 2st Cross Street: Rs 1,200 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees Rs 1,17,000. Please 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 details.

Which Sub Registrar Office covers Perumal Kovil Street?

The Sub Registrar Office that covers Perumal Kovil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role in property transactions in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When registering a property, the guideline value is assessed to calculate the applicable duties and fees. This ensures that both parties are aware of the financial obligations associated with the sale or purchase of the property.

Frequently asked questions

What is the current guideline value of Perumal Kovil Street?

The current guideline value of Perumal Kovil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft, which is a total increase of 62% over the years.

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

The stamp duty for a property valued at Rs 13,00,000 would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office is responsible for Perumal Kovil Street?

The Konnur Sub Registrar Office is responsible for Perumal Kovil Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Perumal Kovil Street?

Perumal Kovil Street is classified as Residential Class II Type - I under the Konnur SRO.