Guideline Value for SERVARAYAR STREET (PER)

Servarayar Street (Per) guideline value

The current guideline value of Servarayar Street (Per) is Rs 1,320 per sq.ft. This street is located in Panangottur village under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Servarayar Street (Per) has changed

The guideline value for Servarayar Street (Per) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the following 2017 revision when it dropped to Rs 804 per sq.ft, a decrease of 33%. However, the value rebounded significantly in the 2023 revision to Rs 1,200 per sq.ft, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% rise.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. 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 with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, making the current value of Servarayar Street (Per) above that median.

• Seranmadevi Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Senthil Nagar Ninnaikarai (Ward -19): Rs 990 per sq.ft (2024)
• Senthamil Nagar, Kattankulathur (Ward -17): Rs 990 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Senguttuvan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Senguthambi Pavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Servarayar Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the 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 details.

Which Sub Registrar Office covers Servarayar Street (Per)?

The Chengleput Joint II Sub Registrar Office covers Servarayar Street (Per). The office is 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 crucial factor in the registration process when buying or selling property in Panangottur. It determines the stamp duty and registration fees payable during the transaction, ensuring that all parties are aware of the costs involved based on the established rates.

When a property is registered, the guideline value serves as a benchmark for the transaction, ensuring that it reflects the current market conditions as assessed by the local authorities. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Servarayar Street (Per)?

The current guideline value of Servarayar Street (Per) is Rs 1,320 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Servarayar Street (Per)?

Servarayar Street (Per) is classified as Residential Special Type - V, indicating its intended use for residential purposes.

Where can I find the registration office for Servarayar Street (Per)?

The registration office for Servarayar Street (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Panangottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be calculated accordingly.