Guideline Value for PERIYAR SALAI (WARD -8)

Periyar Salai (Ward -8) guideline value

The current guideline value of Periyar Salai (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Periyar Salai (Ward -8) has changed

Over the years, the guideline value for Periyar Salai (Ward -8) has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. Following this, the value increased to Rs 1,800 per sq.ft in the 2023 revision and further rose to Rs 1,980 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value saw a significant increase of 49%. The transition from 2023 to 2024 marked a 10% increase, leading to an overall increase of 10% from 2012 to 2024.

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, placing Periyar Salai (Ward -8) above this median.

• Periyar Cross Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Perumal Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Periyalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Perarignar Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Peramanor Union Road (Per): Rs 990 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. 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 Periyar Salai (Ward -8)?

The Sub Registrar Office that covers Periyar Salai (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within 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 during property registration in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded at a fair value as per the local regulations.

When you decide to buy or sell a property, the guideline value will influence the overall cost involved in the transaction. It is essential to be aware of the current guideline value to accurately estimate the fees associated with the registration process.

Frequently asked questions

What is the current guideline value of Periyar Salai (Ward -8)?

The current guideline value of Periyar Salai (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Periyar Salai (Ward -8)?

For a property valued at Rs 19,80,000, the stamp duty at 7% is Rs 1,38,600, and the registration fee at 2% is Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Panangottur?

The Chengleput Joint II Sub Registrar Office handles property registrations in Panangottur, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Periyar Salai (Ward -8)?

The land classification for Periyar Salai (Ward -8) is Residential Special Type - II, which indicates its designated use within the locality.