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 Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 was then reduced to Rs 268 per sq.ft in 2017. Following this, the value increased to Rs 400 per sq.ft in the 2023 revision, before reaching the current rate of Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 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 Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, indicating that the guideline value for Ponniamman Koil Street Peramanur is 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 guideline value of Rs 440 per sq.ft, the total 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, bringing the total additional costs to 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 accurate figures based on your specific transaction.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, which are essential costs in the buying or selling process.

When you proceed with a transaction, the guideline value ensures that both the buyer and seller have a clear understanding of the property's worth as determined by the government. This helps in maintaining transparency and fairness in property dealings.

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 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?

The land classification for Ponniamman Koil Street Peramanur is Residential Class II Type - II.

How does the guideline value compare to other streets in Panangottur?

The guideline value of Rs 440 per sq.ft for Ponniamman Koil Street Peramanur is below the median value of Rs 990 per sq.ft for other streets in Panangottur.

What is the registration office for Ponniamman Koil Street Peramanur?

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