Guideline Value for PERIA PALAYATHAMMAN KOIL STREET (WARD -9)

Peria Palayathamman Koil Street (Ward -9) guideline value

The current guideline value of Peria Palayathamman Koil Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This street is located in Kadampur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Peria Palayathamman Koil Street (Ward -9) has changed

The guideline value of Peria Palayathamman Koil Street has undergone several revisions over the years. In 2012, the value was Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 335 per sq.ft, marking a 33% drop. However, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and then rose again by 10% to reach the current value of Rs 551 per sq.ft in the 2024 revision.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,200 per sq.ft. The median value is Rs 551 per sq.ft, which is the same as the current guideline value for Peria Palayathamman Koil Street.

• Peraringar Anna Salai (Ward -9): Rs 2,200 per sq.ft (2024)
• Perumal Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Pillaiyar Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Palayathamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Padavattamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Peria Palayathamman Koil Street (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020. Together, the total cost for stamp duty and registration would be Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Peria Palayathamman Koil Street (Ward -9)?

The Sub Registrar Office that covers Peria Palayathamman Koil Street (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a significant role when buying or selling property in Kadampur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value is a crucial factor in calculating these costs.

When registering a property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Peria Palayathamman Koil Street?

The current guideline value of Peria Palayathamman Koil Street (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification of Peria Palayathamman Koil Street?

Peria Palayathamman Koil Street is classified as Residential Class I Type - I.

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, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kadampur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price.