Guideline Value for IT AVENUE (N)

It Avenue (N) guideline value

The current guideline value of It Avenue (N) in Peramanoor village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of It Avenue (N) has changed

Since the 2012 revision, the guideline value for It Avenue (N) has seen several changes. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, before reaching the current value of Rs 990 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 represents a 10% increase. 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 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the guideline value of It Avenue (N) below this median.

• Inidirajan (N): Rs 661 per sq.ft (2024)
• Indra Nagar Nehru Street (Ward -19): Rs 550 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 661 per sq.ft (2024)
• India Piston (Pa): Rs 660 per sq.ft (2024)
• Indhu Garden (Sa): Rs 550 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in It Avenue (N)

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. Please note that the 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 more details.

Which Sub Registrar Office covers It Avenue (N)?

The Sub Registrar Office that covers It Avenue (N) 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 is an essential factor during the registration of property transactions in Peramanoor. It serves as a benchmark to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a fair value as per the local regulations. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of It Avenue (N)?

The current guideline value of It Avenue (N) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and now stands at Rs 990 per sq.ft in 2024.

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

Other streets in Peramanoor have varying guideline values, with rates ranging from Rs 550 to Rs 1,320 per sq.ft. Some examples include Indra Nagar Nehru Street at Rs 550 per sq.ft and Imayavaramban Street at Rs 1,320 per sq.ft.

What is the registration fee for property in It Avenue (N)?

The registration fee for property in It Avenue (N) is calculated based on the guideline value. For a property valued at Rs 9,90,000, the registration fee would be Rs 19,800 at 2% of the guideline value.

Where can I find the Sub Registrar Office for It Avenue (N)?

The Sub Registrar Office for It Avenue (N) is located at Chengleput Joint II Sub Registrar Office, 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the official website.