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 Sattamangalam 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 reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision increased it to Rs 400 per sq.ft, and the current 2024 revision has further raised it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, from 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a modest 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 Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 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, while the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 Sattamangalam

The guideline value is an essential factor when buying or selling property in Sattamangalam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for fee calculations.

When a property is registered, the guideline value ensures transparency and standardization in property transactions. It helps in determining the taxes owed to the government, thus playing a crucial role in the real estate 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 for Palla Street Peramanur?

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

What is the land classification for Palla Street Peramanur?

The land classification for Palla Street Peramanur is Residential Class II Type - II.

What are some other streets in Sattamangalam and their guideline values?

Other streets in Sattamangalam 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 the Sub Registrar Office for Palla Street Peramanur?

The Sub Registrar Office for Palla Street Peramanur is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.