Guideline Value for PERARIGNAR ANNA SALAI (WARD -6)

Perarignar Anna Salai (Ward -6) guideline value

The current guideline value of Perarignar Anna Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Perarignar Anna Salai (Ward -6) has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 2,000 per sq.ft. The most recent 2024 revision shows a further increase of 10%, resulting in the current guideline value of Rs 2,200 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai has a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Perarignar Anna Salai's 2024 figure above this median.

• Peramanor Union Road (Per): Rs 990 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)
• Periyar Cross Street (Ward -7): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Perarignar Anna Salai (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the 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 Perarignar Anna Salai (Ward -6)?

The Sub Registrar Office that covers Perarignar Anna Salai (Ward -6) 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 Ninna Karai

The guideline value is a critical factor when buying or selling property in Ninna Karai, as it determines the minimum value at which properties must be registered. Buyers need to be aware that the guideline value is used to calculate stamp duty and registration fees during the transaction process.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring that properties are registered at a value that reflects the current market conditions as determined by the local government.

Frequently asked questions

What is the current guideline value of Perarignar Anna Salai (Ward -6)?

The current guideline value of Perarignar Anna Salai (Ward -6) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Perarignar Anna Salai?

The land classification for Perarignar Anna Salai (Ward -6) is Residential Special Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Perarignar Anna Salai (Ward -6)?

The Sub Registrar Office for Perarignar Anna Salai (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.