Guideline Value for KATTAPOMMAN SALAI (2ND CROSS ST) (WARD -8)

Kattapomman Salai (2nd Cross St) (Ward -8) guideline value

The current guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) is Rs 1,320 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 Special Type - V.

How the guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) has changed

The guideline value for Kattapomman Salai (2nd Cross St) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision. The changes between these revisions are notable: from 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The 2024 guideline value reflects a 10% increase from the previous year, 2023, where the value was Rs 1,200 per sq.ft.

Guideline values in Peramanoor

In Peramanoor village, there are 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 guideline value for these streets is Rs 1,100 per sq.ft, placing Kattapomman Salai (2nd Cross St) above this median at Rs 1,320 per sq.ft.

• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Karumariamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 660 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 550 per sq.ft (2024)
• Kodikatha Kumaran 2nd Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kattapomman Salai (2nd Cross St) (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattapomman Salai (2nd Cross St) (Ward -8)?

The Sub Registrar Office that covers Kattapomman Salai (2nd Cross St) (Ward -8) 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 plays a crucial role during property transactions in Peramanoor. It is used as a reference point for determining the stamp duty and registration fees applicable when buying or selling property. The guideline value ensures that the government receives appropriate revenue through these fees based on the established rates.

When a property is registered, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Kattapomman Salai (2nd Cross St)?

The current guideline value for Kattapomman Salai (2nd Cross St) (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Kattapomman Salai (2nd Cross St)?

The land classification for Kattapomman Salai (2nd Cross St) (Ward -8) is Residential Special Type - V. This classification indicates the type of development permissible in the area.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations in the area.

How is stamp duty calculated for properties in Peramanoor?

Stamp duty for properties in Peramanoor is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee, which is applied to the guideline value or sale price, whichever is greater.