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 Panangottur 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

Over the years, the guideline value of Perarignar Anna Salai has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,340 per sq.ft. The value remained the same in the 2023 revision at Rs 2,000 per sq.ft, before increasing by 10% to the current rate of Rs 2,200 per sq.ft in 2024.

From 2017 to 2023, the value increased significantly by 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with 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, making the current guideline value of Perarignar Anna Salai above that median.

• Peramanor Union Road (Per): Rs 990 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)
• Periyar Cross Street (Ward -7): Rs 1,320 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 is charged at 7%, which totals Rs 1,54,000, while the registration fee at 2% amounts to Rs 44,000. Together, the total cost for stamp duty and registration fee is 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. You can use the stamp duty and registration fee calculator for more information.

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. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property in this area, it is essential to consider the guideline value, as it directly impacts the costs associated with the transaction. Buyers should be aware that the final registration fees will be calculated based on the higher value between the guideline value and the sale price.

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 2,200 per sq.ft in 2024, with various revisions in between. The most significant increase was 49% from 2017 to 2023.

What is the land classification for Perarignar Anna Salai?

Perarignar Anna Salai is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

How is stamp duty calculated in Panangottur?

Stamp duty in Panangottur is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.