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 street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

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

Looking at the historical revisions, the guideline value for Peramanor Union Road (Per) was Rs 900 per sq.ft in 2023, an increase from Rs 603 per sq.ft in 2017. The 2012 revision also recorded a value of Rs 900 per sq.ft, showing a decrease of 33% from the 2017 figure. Notably, there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. The most recent revision in 2024 reflects a 10% increase from the previous year, bringing the current value to Rs 990 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the current guideline value of Peramanor Union Road (Per).

• Perarignar Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Periyalwar Street (Ward -5): Rs 1,320 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 amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total costs together to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 more details.

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

The guideline value is a crucial factor when buying or selling property in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value ensures that the government receives the appropriate revenue through taxes. Buyers and sellers must be aware of this value to ensure compliance with registration requirements and to understand their financial obligations during the sale process.

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 from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, marking a 10% increase. It was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012, showing various changes over the years.

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

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

What are the stamp duty and registration fees for property transactions in this area?

For a property valued at Rs 9,90,000, the stamp duty at 7% is Rs 69,300, and the registration fee at 2% is Rs 19,800, totaling Rs 89,100. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office covers Peramanor Union Road (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details about your SRO online.