Guideline Value for PERAMANOR UNION ROAD (PER)

Peramanor Union Road (Per) guideline value

The current guideline value of Peramanor Union Road (Per) is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Peramanor Union Road (Per) has changed

The guideline value for Peramanor Union Road (Per) has seen several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 603 per sq.ft. The subsequent revision in 2023 marked an increase to Rs 900 per sq.ft, followed by the latest revision in 2024, which raised the value to Rs 990 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

When examining the changes, the guideline value increased by 49% from 2017 to 2023, and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are a total of 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value of Peramanor Union Road (Per) is below this median.

• Perarignar Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Periyalwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Pavendar Salai (Ward -4): Rs 1,980 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Peramanor Union Road (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees together to Rs 89,100. 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 Peramanor Union Road (Per)?

The Sub Registrar Office that covers Peramanor Union Road (Per) 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 further assistance.

How the guideline value is used when you buy or sell in Ninna Karai

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Peramanor Union Road (Per)?

The current guideline value of Peramanor Union Road (Per) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024. The value was previously Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012.

What is the land classification for Peramanor Union Road (Per)?

Peramanor Union Road (Per) is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Peramanor Union Road (Per)?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%, and the registration fee would be Rs 19,800 at 2%, totaling Rs 89,100 in fees.

Which office handles the registration for Peramanor Union Road (Per)?

The Chengleput Joint II Sub Registrar Office handles the registration for Peramanor Union Road (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.