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 Peramanoor 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) has seen several changes. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision and further rose to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available 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 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 the 2024 guideline value for Peramanor Union Road (Per) below this median.

• 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 fees together to Rs 89,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When a property is registered, the guideline value is checked to determine the applicable charges. Buyers and sellers should be aware that the guideline value can vary significantly between different streets and areas, impacting the overall costs involved in a transaction.

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 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

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

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

What are the stamp duty and registration fees for property transactions here?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 89,100.

Where can I find the Sub Registrar Office for Peramanor Union Road (Per)?

The Chengleput Joint II Sub Registrar Office covers Peramanor Union Road (Per) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.