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

Ragavendrar Koil Street Peramanur (Ward -15) guideline value

The current guideline value for Ragavendrar Koil Street Peramanur (Ward -15) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Ragavendrar 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 significantly to Rs 600 per sq.ft in the 2023 revision, and finally, it rose to Rs 661 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft, and the median value being Rs 1,100 per sq.ft. The guideline value for Ragavendrar Koil Street is below this median.

• Ragavendra Nagar (N): Rs 661 per sq.ft (2024)
• Rail Nagar 10nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 11nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 12nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar 13nd Street (Ward -2): Rs 1,100 per sq.ft (2024)
• Rail Nagar, 13th Cross Street (Ward -2): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ragavendrar Koil Street Peramanur (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total cost for these fees to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Ragavendrar 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 online for more information.

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

The guideline value is a crucial factor in property transactions in Peramanoor, as it determines the minimum value at which a property can be registered. When a buyer or seller engages in a transaction, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the sale.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. Understanding this value helps in making informed decisions regarding property transactions in the area.

Frequently asked questions

What is the current guideline value for Ragavendrar Koil Street Peramanur?

The current guideline value for Ragavendrar Koil Street Peramanur 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.

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

Other streets in Peramanoor have guideline values ranging from Rs 661 to Rs 1,100 per sq.ft. Notable streets include Ragavendra Nagar and various Rail Nagar streets.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 59,490 based on the current guideline value.

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

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