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

Ponniamman Koil Street Peramanur (Ward -15) guideline value

The current guideline value for Ponniamman Koil Street Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village 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 experienced several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the most recent 2024 revision raised it further to Rs 440 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions show a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Ponniamman Koil Street Peramanur's 2024 figure below that median.

• Ponmudiar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Ponmanachemmal Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Poigaialwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,321 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. Please 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 Ponniamman Koil Street Peramanur (Ward -15)?

The Sub Registrar Office covering Ponniamman Koil Street Peramanur (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Ninna Karai, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations and to accurately assess the financial implications of property transactions in the area.

Frequently asked questions

What is the current guideline value of Ponniamman Koil Street Peramanur?

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 back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the classification of land on Ponniamman Koil Street?

Ponniamman Koil Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Ponniamman Koil Street Peramanur is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ponniamman Koil Street Peramanur?

The Sub Registrar Office for Ponniamman Koil Street Peramanur is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.