Guideline Value for K.S.PURAM PAMBAKAL STREET (WARD -15)

K.S.Puram Pambakal Street (Ward -15) guideline value

The current guideline value of K.S.Puram Pambakal Street (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of K.S.Puram Pambakal Street (Ward -15) has changed

The guideline value for K.S.Puram Pambakal Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and then further rose to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for K.S.Puram Pambakal Street for the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are a total of 430 streets under the Chengleput Joint II SRO that carry 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 K.S.Puram Pambakal Street's 2024 figure below this median.

• Krishtappa Street (Ward -17): Rs 660 per sq.ft (2024)
• Kulakkarai Street Old (Ward -15): Rs 550 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 660 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in K.S.Puram Pambakal Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.S.Puram Pambakal Street (Ward -15)?

K.S.Puram Pambakal Street (Ward -15) is covered by 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 a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of K.S.Puram Pambakal Street (Ward -15)?

The current guideline value of K.S.Puram Pambakal Street (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it to Rs 550 per sq.ft, up from Rs 500 per sq.ft in 2023. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for K.S.Puram Pambakal Street?

K.S.Puram Pambakal Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. The duty is based on the higher of the guideline value or the sale price.

Which office handles registrations for K.S.Puram Pambakal Street?

The Chengleput Joint II Sub Registrar Office handles registrations for K.S.Puram Pambakal Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.