Guideline Value for PAKTHAVASALAM STREET (WARD -8)

Pakthavasalam Street (Ward -8) guideline value

The current guideline value of Pakthavasalam Street (Ward -8) is Rs 1,760 per sq.ft. 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 - III.

How the guideline value of Pakthavasalam Street (Ward -8) has changed

The guideline value for Pakthavasalam Street has seen several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft, which remained unchanged until the next revision in 2017 when it decreased to Rs 1,072 per sq.ft, marking a decline of 33%. However, this was followed by a significant increase to Rs 1,600 per sq.ft in 2023, and then a further increase to Rs 1,760 per sq.ft in 2024, reflecting a 10% rise from the previous year.

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 the register has no figures for the years 2002, 2003, and 2007 for this street.

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 value for these streets is Rs 1,100 per sq.ft, placing Pakthavasalam Street's 2024 figure above this median.

• Pajanai Koil Street (Ward -18): Rs 660 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 Pakthavasalam Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pakthavasalam Street (Ward -8)?

The Sub Registrar Office that covers Pakthavasalam Street (Ward -8) 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 information.

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

The guideline value is an important factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Pakthavasalam Street (Ward -8)?

The current guideline value of Pakthavasalam Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Pakthavasalam Street?

The land classification for Pakthavasalam Street (Ward -8) is Residential Special Type - III.

Which office handles registrations for Pakthavasalam Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Pakthavasalam Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Pakthavasalam Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 17,60,000, leading to a stamp duty of Rs 1,23,200.