Guideline Value for SERVARAYAR STREET (PER)

Servarayar Street (Per) guideline value

The current guideline value of Servarayar Street (Per), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

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

Over the years, the guideline value for Servarayar Street (Per) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%, indicating a change in the valuation over the years.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets listed under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Servarayar Street's 2024 figure above the 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 550 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, charged at 7%, would be Rs 92,400, and the registration fee, charged at 2%, would be Rs 26,400, bringing the total fees together to 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.

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

Which Sub Registrar Office covers Servarayar Street (Per)?

The Sub Registrar Office that covers Servarayar Street (Per) 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 for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all transactions reflect the official valuation set by the government.

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, effective from 1 July 2024.

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)?

The land classification for Servarayar Street (Per) is Residential Special Type - V, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for Servarayar Street (Per) located?

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

How is stamp duty calculated for property in Servarayar Street (Per)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 92,400.