Guideline Value for BLUE CHIP RESIDENCY (KR)

Blue Chip Residency (Kr) guideline value

The current guideline value of Blue Chip Residency (Kr) in Peramanoor village is Rs 990 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Blue Chip Residency (Kr) has changed

The guideline value for Blue Chip Residency (Kr) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 990 per sq.ft, an increase from Rs 900 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 603 per sq.ft, which was a significant 49% increase from the 2012 revision that was also set at Rs 900 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall, from 2012 to 2024, it has increased by 10%. This indicates fluctuations in the guideline value over the years, reflecting changes in the property market.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Blue Chip Residency (Kr) below this median.

• Boothapandian Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 661 per sq.ft (2024)
• B R Nagar (Sa): Rs 550 per sq.ft (2024)
• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuthar Nagar (Per): Rs 661 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Chip Residency (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Blue Chip Residency (Kr)?

The Sub Registrar Office covering Blue Chip Residency (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Peramanoor, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value to ensure compliance with local regulations. This value helps maintain transparency in property transactions and ensures that the government receives appropriate revenue from stamp duties and registration fees.

Frequently asked questions

What is the current guideline value for Blue Chip Residency (Kr)?

The current guideline value for Blue Chip Residency (Kr) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024. It was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012.

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

Other streets in Peramanoor include Boothapandian Street at Rs 1,320 per sq.ft, Bhuvaneshwari Nagar at Rs 661 per sq.ft, and B R Nagar at Rs 550 per sq.ft, among others.

Where is the Sub Registrar Office for Blue Chip Residency (Kr)?

The Sub Registrar Office for Blue Chip Residency (Kr) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepout registration zone.

How is stamp duty calculated for properties in Blue Chip Residency (Kr)?

Stamp duty for properties in Blue Chip Residency (Kr) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.