Guideline Value for POST OFFICE STREET (WARD -15)

Post Office Street (Ward -15) guideline value

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

How the guideline value of Post Office Street (Ward -15) has changed

The guideline value for Post Office Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 268 per sq.ft. The value then increased to Rs 400 per sq.ft in 2012 and subsequently rose to Rs 440 per sq.ft in the 2023 revision, marking a 49% increase from the previous figure.

The most recent revision, effective from 1 July 2024, has set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the 2023 figure of Rs 400 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Panangottur

In Panangottur, there are a total of 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value. The values range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Post Office Street (Ward -15) is below this median.

• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)
• Popayar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,320 per sq.ft (2024)
• Poongundranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Post Office Street (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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Post Office Street (Ward -15)?

The Sub Registrar Office that covers Post Office Street (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 Panangottur

The guideline value is a critical factor during the registration of property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to consider this value, as it influences the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Post Office Street (Ward -15)?

The current guideline value of Post Office Street (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 classification of Post Office Street (Ward -15)?

Post Office Street (Ward -15) is classified as Residential Class II Type - II under the Chengleput Joint II SRO.

What are the other streets in Panangottur with similar guideline values?

Other streets in Panangottur with similar guideline values include Poultry Farm Quarters and Ponniamman Koil Street Peramanur, both at Rs 440 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Post Office Street (Ward -15)?

The Sub Registrar Office for Post Office Street (Ward -15) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.