Guideline Value for PONNIAMMAN KOIL STREET PERAMANUR (WARD -15)

Ponniamman Koil Street Peramanur (Ward -15) guideline value

The current guideline value of Ponniamman Koil Street Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Ponniamman Koil Street Peramanur (Ward -15) has changed

The guideline value for Ponniamman Koil Street Peramanur has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, marking a 49% rise. The most recent revision in 2024 brought the value to Rs 440 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 values from 2012 to 2024, there has been a 10% increase.

Guideline values in Kattankollatur

Kattankollatur features a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Ponniamman Koil Street Peramanur's 2024 value below this median.

• Ponmudiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Ponmanachemmal Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poigaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ponniamman Koil Street Peramanur (Ward -15)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ponniamman Koil Street Peramanur (Ward -15)?

The Sub Registrar Office that covers Ponniamman Koil Street Peramanur (Ward -15) 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are essential costs associated with property transactions. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Street Peramanur (Ward -15)?

The current guideline value of Ponniamman Koil Street Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Ponniamman Koil Street Peramanur?

Ponniamman Koil Street Peramanur is classified as Residential Class II Type - II.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ponniamman Koil Street Peramanur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at the rate of 7%.