Guideline Value for ILAWALAHAR STREET (WARD -7)

Ilawalahar Street (Ward -7) guideline value

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

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

The guideline value for Ilawalahar Street (Ward -7) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. The 2023 revision increased it to Rs 1,200 per sq.ft, and the current 2024 revision has further raised it to Rs 1,320 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 then it increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Ilawalahar Street's 2024 figure above this median.

• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Indhu Garden (Sa): Rs 550 per sq.ft (2024)
• India Piston (Pa): Rs 660 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 661 per sq.ft (2024)

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

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, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property.

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

The Sub Registrar Office covering Ilawalahar Street (Ward -7) 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 Peramanoor

The guideline value plays a crucial role during the registration of property transactions in Peramanoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value is used to determine the minimum value on which these fees are calculated. This means that even if the sale price is lower than the guideline value, the fees will still be based on the guideline value.

Frequently asked questions

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

The current guideline value of Ilawalahar Street (Ward -7) 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 to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

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

Other streets in Peramanoor include Ilavazhaganar Street at Rs 1,760 per sq.ft, Ilanthiraian Street and Imayavaramban Street both at Rs 1,320 per sq.ft, and Indhu Garden, India Piston, and Indira Ganthi Nagar with values ranging from Rs 550 to Rs 661 per sq.ft.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for property in Ilawalahar Street?

Stamp duty for property in Ilawalahar Street is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 1,18,800.