Guideline Value for KORUKKANTHANGAL SALAI (WARD -18)

Korukkanthangal Salai (Ward -18) guideline value

The current guideline value of Korukkanthangal Salai (Ward -18) is Rs 660 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 - I.

How the guideline value of Korukkanthangal Salai (Ward -18) has changed

Over the years, the guideline value of Korukkanthangal Salai has seen several revisions. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023, marking a change of +10%. In the previous revisions, the value was Rs 402 per sq.ft in 2017, which represented a significant increase of +49% from that year to 2023. The value was Rs 600 per sq.ft in 2012, reflecting a decrease of -33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register has no figures for the revisions in 2002, 2003, and 2007. The 2012 revision was Rs 600 per sq.ft, and the 2017 revision was Rs 402 per sq.ft, before the increases in the following years.

Guideline values in Peramanoor

In Peramanoor, 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, with a median value of Rs 1,100 per sq.ft. The guideline value of Korukkanthangal Salai at Rs 660 per sq.ft is below this median.

• Kothari Nagar (Ward -15): Rs 661 per sq.ft (2024)
• Kothari Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Kolatheswar Kovil Street (Kr): Rs 661 per sq.ft (2024)
• Kodikatha Kumaran Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran 2nd Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Korukkanthangal Salai (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to 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 information.

Which Sub Registrar Office covers Korukkanthangal Salai (Ward -18)?

The Sub Registrar Office that covers Korukkanthangal Salai (Ward -18) 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 during the registration of property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline values.

Frequently asked questions

What is the current guideline value of Korukkanthangal Salai (Ward -18)?

The current guideline value of Korukkanthangal Salai (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, an increase of +10%. It was Rs 402 per sq.ft in 2017, showing a +49% increase to 2023.

What is the land classification for Korukkanthangal Salai?

The land classification for Korukkanthangal Salai (Ward -18) is Residential Class II Type - I.

Where can I find the registration office for Korukkanthangal Salai?

The registration office for Korukkanthangal Salai (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Korukkanthangal Salai?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 6,60,000 incurs a stamp duty of Rs 46,200 at 7%.