Guideline Value for DIAMOND AVENUE (PER)

Diamond Avenue (Per) guideline value

The current guideline value of Diamond Avenue (Per) in Peramanoor village, under the Chengleput Joint II SRO, is Rs 661 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

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

The guideline value for Diamond Avenue (Per) has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 set the value at Rs 661 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there were notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The value then rose by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making the 2024 figure for Diamond Avenue (Per) below that median.

• Devi Prasath Nagar (N): Rs 661 per sq.ft (2024)
• Durga Nagar: Rs 990 per sq.ft (2024)
• Easwaran Koil Street (Ward -17): Rs 661 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)

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 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, bringing the total charges to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Diamond Avenue (Per)?

The Sub Registrar Office that covers 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value for Diamond Avenue (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 is the land classification for Diamond Avenue (Per)?

Diamond Avenue (Per) is classified as Residential Class I Type - III, according to the local land classification regulations.

What is the range of guideline values in Peramanoor?

The guideline values in Peramanoor range from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft.

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

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