Guideline Value for CALDWELL STREET (WARD -7)

Caldwell Street (Ward -7) guideline value

The current guideline value of Caldwell Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Caldwell Street (Ward -7) has changed

The guideline value for Caldwell Street has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The next revision in 2023 increased the value to Rs 1,200 per sq.ft, and then in 2024, it rose again to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register does not have figures for Caldwell Street for the years 2002, 2003, and 2007.

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 in this area is Rs 1,100 per sq.ft, placing Caldwell Street's 2024 guideline value above that median.

• B R Nagar (Sa): Rs 550 per sq.ft (2024)
• Chakaravarthy Nagar (N): Rs 661 per sq.ft (2024)
• Boothapandian Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Blue Chip Residency (Kr): Rs 990 per sq.ft (2024)
• Chelliyamman Kovil Street(Kr): Rs 661 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Caldwell Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration would be Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Caldwell Street (Ward -7)?

The Caldwell Street (Ward -7) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 is a crucial factor in the registration process for property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Caldwell Street (Ward -7)?

The current guideline value of Caldwell Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Caldwell Street (Ward -7)?

Caldwell Street (Ward -7) is classified as Residential Special Type - V.

What are the stamp duty and registration fees for property in Caldwell Street (Ward -7)?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Caldwell Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office covers Caldwell Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.