Guideline Value for PAJANAI KOIL STREET (WARD -18)

Pajanai Koil Street (Ward -18) guideline value

The current guideline value of Pajanai Koil Street (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 Pajanai Koil Street (Ward -18) has changed

Over the years, the guideline value of Pajanai Koil Street has seen several revisions. The register shows that in 2012, the guideline value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and then further rose to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, the value increased by 49%; and overall, from 2012 to 2024, the guideline value rose by 10%. The current value of Rs 660 per sq.ft reflects a steady increase in recent years.

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 guideline value is Rs 1,100 per sq.ft, placing Pajanai Koil Street's current value below this median.

• Pakthavasalam Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Palla Street Peramanur (Ward -15): Rs 550 per sq.ft (2024)
• Palla Street (Ward -2): Rs 550 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 550 per sq.ft (2024)
• Pambaikal Street (Per): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Pajanai Koil Street (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 fees 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pajanai Koil Street (Ward -18)?

The Sub Registrar Office that covers Pajanai Koil Street (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 in the registration process when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring a standardized approach to property transactions.

When a property is sold, the buyer and seller must consider the guideline value to avoid discrepancies in the transaction. This value is essential for legal documentation and ensures compliance with government regulations during the property transfer process.

Frequently asked questions

What is the current guideline value of Pajanai Koil Street (Ward -18)?

The current guideline value of Pajanai Koil Street (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 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Pajanai Koil Street?

Pajanai Koil Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 6,60,000, the total fees would be Rs 59,400.

Where is the Sub Registrar Office for Pajanai Koil Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.