Guideline Value for ALAYAMMAN KOIL STREET (WARD -19)

Alayamman Koil Street (Ward -19) guideline value

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Alayamman Koil Street (Ward -19) has changed

The guideline value for Alayamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. In 2017, this value decreased to Rs 335 per sq.ft, marking a reduction of 33%. However, by 2023, the value rose significantly to Rs 500 per sq.ft, and in the latest 2024 revision, it increased further to Rs 550 per sq.ft, representing a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The transition from 2017 to 2023 saw a substantial increase of 49%, while the change from 2012 to 2017 was a decrease. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value for Alayamman Koil Street is below this median.

• Agayathya Garden (N): Rs 661 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 661 per sq.ft (2024)
• Agayathiyar Street (N): Rs 661 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Alayamman Koil Street (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Alayamman Koil Street (Ward -19)?

The Sub Registrar Office that covers Alayamman Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Alayamman Koil Street?

The current guideline value for Alayamman Koil Street (Ward -19) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Peramanoor?

The median guideline value for streets in Peramanoor is Rs 1,100 per sq.ft, indicating that Alayamman Koil Street's current value is below this median.

What are the stamp duty and registration fees for properties in Alayamman Koil Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Alayamman Koil Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Alayamman Koil Street (Ward -19), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.