Guideline Value for PAAVENDAR STEET (WARD -6)

Paavendar Steet (Ward -6) guideline value

The current guideline value of Paavendar Steet (Ward -6) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Paavendar Steet (Ward -6) has changed

The guideline value for Paavendar Steet has seen several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for Paavendar Steet in the years 2002, 2003, and 2007. 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 for 2024 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 Paavendar Steet's 2024 value above this median.

• Paaventhar Street (Ward -5): Rs 1,980 per sq.ft (2024)
• Paavanar Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Paaventhar Street (Ward -7): Rs 1,980 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 550 per sq.ft (2024)
• Padmavathi Avenue (Ward -19): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Paavendar Steet (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty is charged at 7%, which totals Rs 1,38,600, and the registration fee at 2% amounts to Rs 39,600. Therefore, the total cost for stamp duty and registration fees would be Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Paavendar Steet (Ward -6)?

The Sub Registrar Office covering Paavendar Steet (Ward -6) 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and consistent across all transactions.

Frequently asked questions

What is the current guideline value of Paavendar Steet (Ward -6)?

The current guideline value of Paavendar Steet (Ward -6) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Paavendar Steet (Ward -6)?

Paavendar Steet (Ward -6) is classified as Residential Special Type - II under the Chengleput Joint II SRO.

What are the stamp duty rates for properties in Paavendar Steet (Ward -6)?

The stamp duty rate for properties in Paavendar Steet (Ward -6) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Paavendar Steet (Ward -6)?

The Sub Registrar Office for Paavendar Steet (Ward -6) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.