Guideline Value for DIAMOND AVENUE (PER)

Diamond Avenue (Per) guideline value

The current guideline value of Diamond Avenue (Per) in Panangottur village is Rs 660 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Diamond Avenue (Per) has changed

The guideline value for Diamond Avenue (Per) has seen several revisions over the years. In the 2012 revision, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 600 per sq.ft. The most recent revision in 2024 has further raised the guideline value to Rs 660 per sq.ft, reflecting an increase of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, indicating that Diamond Avenue (Per) is below this median.

• Devi Prasath Nagar (N): Rs 660 per sq.ft (2024)
• Easwaran Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,320 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Diamond Avenue (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Diamond Avenue (Per)?

The Sub Registrar Office covering Diamond Avenue (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 Panangottur

The guideline value is a crucial element in the registration process when buying or selling property in Panangottur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Diamond Avenue (Per)?

The current guideline value of Diamond Avenue (Per) is Rs 660 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Diamond Avenue (Per)?

Diamond Avenue (Per) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Diamond Avenue (Per)?

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

How is the stamp duty calculated for properties on Diamond Avenue (Per)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft would incur a stamp duty of Rs 46,200.