Guideline Value for NH2 EXTENSION (WARD -7)

Nh2 Extension (Ward -7) guideline value

The current guideline value for Nh2 Extension (Ward -7) in Peramanoor village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Nh2 Extension (Ward -7) has changed

The guideline value for Nh2 Extension has seen 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 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,320 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Between revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Nh2 Extension above this median at Rs 1,320 per sq.ft.

• Nirmal Nagar (Per): Rs 661 per sq.ft (2024)
• New Balaji Nagar Barathiar Street (Ward -3): Rs 990 per sq.ft (2024)
• Nvignesh Nagar Ninnaikarai (Ward -19): Rs 661 per sq.ft (2024)
• Nethaji Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Om Sakthi Street (Per): Rs 661 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Nh2 Extension (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nh2 Extension (Ward -7)?

The Sub Registrar Office that covers Nh2 Extension (Ward -7) 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 here.

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

The guideline value is a crucial factor in the registration of property transactions in Peramanoor. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value for Nh2 Extension (Ward -7)?

The current guideline value for Nh2 Extension (Ward -7) 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 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Nh2 Extension (Ward -7)?

Nh2 Extension (Ward -7) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,18,800 in fees.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO through the provided link.