Guideline Value for INDIA PISTON (PA)

India Piston (Pa) guideline value

The current guideline value for India Piston (Pa) in Peramanoor village is Rs 660 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification and is registered with the Chengleput Joint II SRO.

How the guideline value of India Piston (Pa) has changed

The guideline value for India Piston (Pa) has seen several revisions over the years. The earliest recorded value was Rs 600 per sq.ft in 2012. This was followed by a decrease to Rs 402 per sq.ft in 2017. The value then increased to Rs 600 per sq.ft in 2023, before reaching the current rate of Rs 660 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The most recent change from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2012 to 2024 to a 10% increase.

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 for these streets is Rs 1,100 per sq.ft, placing the guideline value for India Piston (Pa) below this median.

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

Stamp duty and registration fee for property in India Piston (Pa)

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

For further calculations, you can access the stamp duty and registration fee calculator.

Which Sub Registrar Office covers India Piston (Pa)?

The Sub Registrar Office covering India Piston (Pa) 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 plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for India Piston (Pa)?

The current guideline value for India Piston (Pa) 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 India Piston (Pa)?

India Piston (Pa) is classified as Residential Class II Type - I land.

What are the guideline values for other streets in Peramanoor?

Other streets in Peramanoor have varying guideline values, ranging from Rs 550 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft.

Where is the Sub Registrar Office for India Piston (Pa) located?

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