Guideline Value for PALLA STREET PERAMANUR (WARD -15)

Palla Street Peramanur (Ward -15) guideline value

The current guideline value of Palla Street Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Palla Street Peramanur (Ward -15) has changed

The guideline value for Palla Street Peramanur has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 400 per sq.ft. In 2017, it decreased to Rs 268 per sq.ft, marking a decline of 33%. The value then rose to Rs 400 per sq.ft in 2023, before increasing to Rs 440 per sq.ft in 2024, representing a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, there has been a modest increase of 10%. The current figure of Rs 440 per sq.ft reflects the latest revision and is indicative of the changes that have taken place over the years.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft as of 2024. The median guideline value in the village is Rs 1,100 per sq.ft, placing Palla Street Peramanur's 2024 figure below this median.

• Palla Street (Ward -2): Rs 660 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Pakthavasalam Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pajanai Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 660 per sq.ft (2024)
• Pambaikal Street (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Palla Street Peramanur (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty, charged at 7%, would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Palla Street Peramanur (Ward -15)?

The Sub Registrar Office that covers Palla Street Peramanur (Ward -15) 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 information.

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

The guideline value plays a crucial role in the registration of property transactions in Ninna Karai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Palla Street Peramanur (Ward -15)?

The current guideline value of Palla Street Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Palla Street Peramanur?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Palla Street Peramanur?

The Chengleput Joint II Sub Registrar Office covers Palla Street Peramanur (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The duty is charged on the higher of the guideline value or the sale price, making it essential for buyers and sellers to understand this value.