Guideline Value for PAVENDAR SALAI (WARD -4)

Pavendar Salai (Ward -4) guideline value

The current guideline value of Pavendar Salai (Ward -4) is Rs 1,980 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 - II.

How the guideline value of Pavendar Salai (Ward -4) has changed

Over the years, the guideline value for Pavendar Salai has seen several revisions. The earliest recorded value is from 2012, which was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the current 2024 revision has further increased it to Rs 1,980 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been a 10% increase. It is important to note that there are no recorded 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 value for these streets is Rs 1,100 per sq.ft, and Pavendar Salai's 2024 figure of Rs 1,980 per sq.ft is above this median.

• Pattukottai Kalyana Sundaram Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattukottai Alagiri Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattinathadigal Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Peramanor Union Road (Per): Rs 990 per sq.ft (2024)
• Perarignar Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pavendar Salai (Ward -4)

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to 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 Pavendar Salai (Ward -4)?

The Sub Registrar Office that covers Pavendar Salai (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 plays a crucial role in the property registration process in Peramanoor. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for transactions and helps in the smooth execution of property dealings.

Frequently asked questions

What is the current guideline value of Pavendar Salai (Ward -4)?

The current guideline value of Pavendar Salai (Ward -4) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Pavendar Salai?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 1,78,200, which includes a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600.

Which office handles registrations for Pavendar Salai?

The Chengleput Joint II Sub Registrar Office handles registrations for Pavendar Salai (Ward -4), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Pavendar Salai?

Pavendar Salai is classified as Residential Special Type - II, which indicates its suitability for residential development and related activities.