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 550 per sq.ft as per the 2024 revision. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO with a land classification of Residential Class II Type - II.

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

The guideline value for Post Office Street (Ward -15) has seen several revisions over the years. The earliest figure available is from the 2012 revision, which was Rs 500 per sq.ft. This was followed by a decrease in the 2017 revision to Rs 335 per sq.ft, marking a decline of 33%. The value then increased to Rs 500 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2023 revision to 2024 saw a rise of 10%, and from 2017 to 2023, there was a significant increase of 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Post Office Street (Ward -15) is below this median.

• Poultry Farm Quarters (Ward -19): Rs 550 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 661 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 guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the actual sale price. This process ensures transparency and compliance with the regulations set by the Registration Department.

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 550 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Post Office Street (Ward -15)?

The land classification for Post Office Street (Ward -15) is Residential Class II Type - II.

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 the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Post Office Street (Ward -15)?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 38,500.