Guideline Value for Surakapuram Perumal Kovil Street

Surakapuram Perumal Kovil Street guideline value

The current guideline value of Surakapuram Perumal Kovil Street is Rs 105 per sq.ft. This street is located in Vayaloor village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Surakapuram Perumal Kovil Street has changed

Since the 2012 revision, the guideline value for Surakapuram Perumal Kovil Street has seen various changes. In 2012, the guideline value was Rs 100 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 67 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 100 per sq.ft in 2023, and further rose to Rs 105 per sq.ft in the 2024 revision, reflecting a 5% increase.

From 2017 to 2023, there was a considerable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vayaloor

In Vayaloor, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 105 to Rs 155 per sq.ft. The median guideline value for these streets is Rs 105 per sq.ft, which is equal to the 2024 figure for Surakapuram Perumal Kovil Street.

• Surakapuram Nadu Street: Rs 105 per sq.ft (2024)
• Surakapuram Melandai Street: Rs 105 per sq.ft (2024)
• Surakapuram irular Colony: Rs 105 per sq.ft (2024)
• Surakapuram Arunthathipuram North Street: Rs 105 per sq.ft (2024)
• Stalin Nagar: Rs 155 per sq.ft (2024)
• Utchimedu: Rs 105 per sq.ft (2024)

Stamp duty and registration fee for property in Surakapuram Perumal Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 105 per sq.ft, the total guideline value would be Rs 1,05,000. The stamp duty at 7% would be Rs 7,350, and the registration fee at 2% would be Rs 2,100, making the total cost for these fees Rs 9,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Surakapuram Perumal Kovil Street?

The Sub Registrar Office that covers Surakapuram Perumal Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

When buying or selling property in Vayaloor, the guideline value plays a crucial role in determining the registration fees and stamp duty. These charges are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can affect the overall cost of property transactions. The guideline value serves as a benchmark for property pricing and is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Surakapuram Perumal Kovil Street?

The current guideline value of Surakapuram Perumal Kovil Street is Rs 105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 105 per sq.ft in 2024.

What is the land classification for Surakapuram Perumal Kovil Street?

Surakapuram Perumal Kovil Street is classified as Residential Class III Type - I.

Which Sub Registrar Office is responsible for Surakapuram Perumal Kovil Street?

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

How is stamp duty calculated for property transactions?

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, the total stamp duty would be Rs 7,350 at 7% of the guideline value.