Guideline Value for ANDAL STREET(PER)

Andal Street(Per) guideline value

The current guideline value of Andal Street(Per) in Peramanoor village is Rs 661 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Andal Street(Per) has changed

The guideline value for Andal Street(Per) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the latest 2024 revision raised it to Rs 661 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, carrying a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which means that the 2024 figure for Andal Street(Per) is below this median.

• Anganur Street: Rs 661 per sq.ft (2024)
• Annai Indra Nagar (Ward -19): Rs 550 per sq.ft (2024)
• Annai Jayalakshmi Nagar (Kr): Rs 990 per sq.ft (2024)
• Annai Moogambigai Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Amman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Ambikapathi Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Andal Street(Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, making the total cost Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andal Street(Per)?

The Sub Registrar Office that covers Andal Street(Per) 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 serves as a benchmark for property transactions in Peramanoor. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

At the time of registration, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Andal Street(Per)?

The current guideline value of Andal Street(Per) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor have varying guideline values ranging from Rs 550 to Rs 1,320 per sq.ft. For example, Anganur Street and Annai Moogambigai Nagar both have a value of Rs 661 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Andal Street(Per)?

The Sub Registrar Office for Andal Street(Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Peramanoor?

The stamp duty for properties in Peramanoor is calculated based on the higher of the guideline value or the sale price. For example, the duty is calculated at 7% of the guideline value, along with a registration fee of 2%.