Guideline Value for PAMBAIKAL STREET (PER)

Pambaikal Street (Per) guideline value

The current guideline value of Pambaikal Street (Per), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 661 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Pambaikal Street (Per) has changed

The guideline value for Pambaikal Street (Per) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The next revision in 2023 saw a significant increase to Rs 600 per sq.ft, followed by another increase to Rs 661 per sq.ft in 2024, which is a rise of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Pambaikal Street's 2024 figure below this median.

• Pambaikaal Street (Ward -15): Rs 550 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)
• Pandian Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pambaikal Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, resulting in a total of Rs 59,490. 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 Pambaikal Street (Per)?

Pambaikal Street (Per) falls under 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 crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When a buyer or seller engages in a transaction, the guideline value helps determine the applicable taxes and fees, which are essential for the legal transfer of property ownership. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pambaikal Street (Per)?

The current guideline value of Pambaikal Street (Per) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Pambaikal Street (Per)?

Pambaikal Street (Per) is classified as Residential Class I Type - III.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Pambaikaal Street (Ward -15) at Rs 550 per sq.ft, Pammal K. Sampanthar Salai (Ward -8) at Rs 1,760 per sq.ft, and several others with varying rates.

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. This office handles registrations for properties in the area.