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 Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

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

The guideline value for Periyar Salai (Ward -8) has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, which saw a significant decrease to Rs 1,206 per sq.ft. However, the value increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise from the 2017 figure. The most recent revision in 2024 brought the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values 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 Periyar Salai (Ward -8) above this median with its 2024 figure of Rs 1,980 per sq.ft.

• Periyar Cross Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Perumal Koil Street (Ward -17): Rs 661 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 would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for these fees would be Rs 1,78,200. 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 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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Peramanoor. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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 back to Rs 1,800 in 2023, and finally to Rs 1,980 in 2024.

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

The land classification for Periyar Salai (Ward -8) is Residential Special Type - II.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would be Rs 1,78,200.

Which office handles registrations for Periyar Salai (Ward -8)?

The Chengleput Joint II Sub Registrar Office handles registrations for Periyar Salai (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.