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 Panangottur 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 2012 revision set the value at Rs 400 per sq.ft, which was then revised to Rs 268 per sq.ft in 2017, marking a decrease of 33%. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the most recent revision in 2024 raised it further to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are a total of 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Palla Street Peramanur's 2024 figure below that median.

• Palla Street (Ward -2): Rs 440 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pakthavasalam Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pajanai Koil Street (Ward -18): Rs 550 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 440 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 at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

Palla Street Peramanur (Ward -15) is covered by 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 Panangottur

The guideline value is a critical factor when registering property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps establish a fair price for transactions. Buyers and sellers must consider this value to ensure compliance with legal requirements and avoid any potential disputes during the registration process.

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 2023 to Rs 440 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 268 per sq.ft in 2017, showing a significant increase of 49% to the 2023 figure.

What is the land classification for Palla Street Peramanur?

The land classification for Palla Street Peramanur (Ward -15) is Residential Class II Type - II, indicating its suitability for residential purposes.

What are the other streets in Panangottur with guideline values?

Other streets in Panangottur include Palla Street (Ward -2) at Rs 440 per sq.ft, Pallavan Street (Ward -5) at Rs 1,320 per sq.ft, and Pakthavasalam Street (Ward -8) at Rs 1,760 per sq.ft, among others.

Where can I find more information about stamp duty and registration fees?

For detailed information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator available online.