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 550 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 - II.

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

The guideline value for Palla Street Peramanur has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 500 per sq.ft. In 2017, this value decreased to Rs 335 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value had increased to Rs 500 per sq.ft, and in the latest 2024 revision, it rose again to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value experienced a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for Palla Street in the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are a total of 430 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, indicating that Palla Street Peramanur's 2024 figure is below the median.

• Palla Street (Ward -2): Rs 550 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 660 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 Palla Street Peramanur (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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 serves as a benchmark to determine the minimum value of the property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the 2024 revision being Rs 550 per sq.ft, up from Rs 500 per sq.ft in 2023. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for Palla Street Peramanur?

Palla Street Peramanur is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How are stamp duty and registration fees calculated for properties in Peramanoor?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur specific fees based on its total value.