Guideline Value for J P WATCH MAN (PER)

J P Watch Man (Per) guideline value

The current guideline value for J P Watch Man (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of J P Watch Man (Per) has changed

The guideline value for J P Watch Man (Per) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and finally to Rs 660 per sq.ft in the 2024 revision. Notably, the register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Panangottur

In Panangottur, a total of 419 streets fall under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing the guideline value for J P Watch Man (Per) below this median.

• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• Johnshi Rani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in J P Watch Man (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 fees to Rs 59,400. 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 more details.

Which Sub Registrar Office covers J P Watch Man (Per)?

The Sub Registrar Office that covers J P Watch Man (Per) 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 Panangottur

The guideline value is a crucial factor in property transactions in Panangottur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for J P Watch Man (Per)?

The current guideline value for J P Watch Man (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 J P Watch Man (Per)?

J P Watch Man (Per) is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in J P Watch Man (Per)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 59,400.

Which office handles registrations for J P Watch Man (Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for J P Watch Man (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.