Guideline Value for CHOZHAN STREET (WARD -5)

Chozhan Street (Ward -5) guideline value

The current guideline value of Chozhan Street (Ward -5) 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 Chozhan Street (Ward -5) has changed

The guideline value for Chozhan Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rose significantly to Rs 1,200 per sq.ft in the 2023 revision, and then increased again to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the value rose by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no 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, with guideline values 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, placing Chozhan Street's 2024 figure above this median.

• Chitra Nagar (Sa): Rs 550 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cheran Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,320 per sq.ft (2024)
• Chelliyamman Kovil Street(Kr): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Chozhan Street (Ward -5)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Chozhan Street (Ward -5)?

The Sub Registrar Office that covers Chozhan Street (Ward -5) is 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 an essential factor during the registration of property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for both the buyer and seller. This value is used by the registration office to calculate the necessary fees and duties associated with the property transfer.

Frequently asked questions

What is the current guideline value of Chozhan Street (Ward -5)?

The current guideline value of Chozhan Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed 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 Chozhan Street (Ward -5)?

Chozhan Street (Ward -5) is classified as Residential Special Type - V, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for Chozhan Street (Ward -5)?

The Sub Registrar Office covering Chozhan Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Chozhan Street (Ward -5)?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 13,20,000, leading to a stamp duty of Rs 92,400.