Guideline Value for PANDIAN STREET (WARD -5)

Pandian Street (Ward -5) guideline value

The current guideline value of Pandian Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Pandian Street (Ward -5) has changed

Looking at the revisions of the guideline value for Pandian Street (Ward -5), the 2012 revision recorded a value of Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The 2023 revision saw an increase, setting the value at Rs 1,200 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,320 per sq.ft.

Between the revisions, the 2023 to 2024 change reflects a 10% increase. From 2017 to 2023, there was a significant rise of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, 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. The median value for these streets is Rs 1,100 per sq.ft, placing Pandian Street (Ward -5) above this median.

• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Panankottur (Ward -15): Rs 550 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pambaikal Street (Per): Rs 661 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 550 per sq.ft (2024)
• Parimezhagar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Street (Ward -5)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pandian Street (Ward -5)?

The Sub Registrar Office that covers Pandian Street (Ward -5) 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 crucial factor during the registration of property transactions. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property in Peramanoor, it is essential to be aware of the guideline value, as it directly impacts the financial obligations involved in the registration process. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Pandian Street (Ward -5)?

The current guideline value of Pandian Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pandian Street (Ward -5) has seen various changes, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Pandian Street (Ward -5)?

Pandian Street (Ward -5) is classified as Residential Special Type - V, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Pandian Street (Ward -5)?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 1,18,800 in fees.

Where is the Sub Registrar Office for Pandian Street (Ward -5) located?

The Sub Registrar Office for Pandian Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.