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 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village, under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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

The guideline value for Ponniamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased to Rs 600 per sq.ft in 2023 and further rose to Rs 661 per sq.ft in the 2024 revision, reflecting a change of +10% from the previous year and a significant +49% increase from 2017 to 2023.

Notably, there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Ponniamman Koil Street's 2024 figure below that 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 661 per sq.ft, the guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

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

The Chengleput Joint II Sub Registrar Office covers Ponniamman Koil Street Peramanur (Ward -15). The office is 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 in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives due revenue from property transactions.

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 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024. The overall change from 2012 to 2024 is +10%.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Ponmudiar Street, Ponmanachemmal Street, Poombavaiyar Street, Poigaialwar Street, Poongundranar Street, and Popayar Street, all having a guideline value of Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 59,490.

Which office handles the registration for Ponniamman Koil Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Ponniamman Koil Street Peramanur (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.