Guideline Value for J P WATCH MAN (PER)

J P Watch Man (Per) guideline value

The current guideline value of J P Watch Man (Per) is Rs 661 per sq.ft, effective from 1 July 2024. This property is located in Peramanoor 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

Over the years, the guideline value of J P Watch Man (Per) has seen several revisions. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, and in the latest revision for 2024, it stands at Rs 661 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between 2023 and 2024, there was an increase of 10%, while the jump from 2017 to 2023 was 49%. 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, placing J P Watch Man (Per) below this median.

• Jp Vatsan Enclave: Rs 661 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 661 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 550 per sq.ft (2024)
• Johnshi Rani 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 rate of Rs 661 per sq.ft, the guideline value amounts to Rs 6,61,000. The stamp duty is charged at 7%, which totals Rs 46,270, and the registration fee is 2%, amounting to Rs 13,220. Together, the total fees amount to Rs 59,490. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value plays a crucial role when buying or selling property in Peramanoor. It determines the minimum value on which stamp duty and registration fees are calculated. This ensures that both buyers and sellers are aware of the baseline value for property transactions in the area.

When registering a property, the guideline value is used to assess the applicable fees, which must be paid to complete the transaction legally. This helps in maintaining transparency in property dealings and ensures that the government receives its due revenue from property transactions.

Frequently asked questions

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

The current guideline value of J P Watch Man (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 are the stamp duty and registration fees for property in J P Watch Man (Per)?

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,61,000. The stamp duty at 7% is Rs 46,270, and the registration fee at 2% is Rs 13,220, totaling Rs 59,490.

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

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

What is the land classification of J P Watch Man (Per)?

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