Guideline Value for PAMBAIKAAL STREET (WARD -15)

Pambaikaal Street (Ward -15) guideline value

The current guideline value of Pambaikaal Street (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 Pambaikaal Street (Ward -15) has changed

The guideline value of Pambaikaal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which changed to Rs 335 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 500 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 550 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Pambaikaal Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Pambaikaal Street's current guideline value is below this median.

• Pambaikal Street (Per): Rs 661 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Panankottur (Ward -15): Rs 550 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pandian Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering Pambaikaal Street (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 Peramanoor

The guideline value is a critical factor when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government collects the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

The current guideline value of Pambaikaal Street (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 from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Pambaikaal Street?

Pambaikaal Street is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Pambaikaal Street?

The Chengleput Joint II Sub Registrar Office covers Pambaikaal Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Pambaikaal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.