Guideline Value for SHREE KANNIGA PARAMESWARI NAGAR

Shree Kanniga Parameswari Nagar guideline value

The current guideline value of Shree Kanniga Parameswari Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Perumattu Nellore village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Shree Kanniga Parameswari Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a reduction of 33%. Following this, the 2023 revision saw a significant increase to Rs 500 per sq.ft, which was a 49% rise from the previous figure. The current 2024 revision maintains this value at Rs 500 per sq.ft, showing no change from the 2023 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the guideline values for these years are not available.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Shree Kanniga Parameswari Nagar's 2024 figure below this median.

• Shriram Shankari: Rs 700 per sq.ft (2024)
• Shanthi Nagar: Rs 700 per sq.ft (2024)
• Siva Mangala Nagar: Rs 700 per sq.ft (2024)
• Selvi Nagar: Rs 800 per sq.ft (2024)
• Sree Ambal Nagar: Rs 700 per sq.ft (2024)
• Sree Karumariamman Nagar Extension: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Kanniga Parameswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shree Kanniga Parameswari Nagar?

The Sub Registrar Office that covers Shree Kanniga Parameswari Nagar 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 Perumattu Nellore

The guideline value is a crucial factor during the registration of property transactions in Perumattu Nellore. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Shree Kanniga Parameswari Nagar?

The current guideline value of Shree Kanniga Parameswari Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, rose to Rs 500 per sq.ft in 2023, and remains at Rs 500 per sq.ft in 2024.

What are the other streets in Perumattu Nellore and their guideline values?

Other streets in Perumattu Nellore include Shriram Shankari, Shanthi Nagar, Siva Mangala Nagar, Selvi Nagar, Sree Ambal Nagar, and Sree Karumariamman Nagar Extension, with guideline values ranging from Rs 700 to Rs 800 per sq.ft in 2024.

What is the registration fee for property in Shree Kanniga Parameswari Nagar?

The registration fee for property in Shree Kanniga Parameswari Nagar is calculated based on the guideline value. For example, for a plot of 1,000 sq.ft, the registration fee would be Rs 10,000 at the current guideline value.

Where can I find the Sub Registrar Office for Shree Kanniga Parameswari Nagar?

The Sub Registrar Office for Shree Kanniga Parameswari Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.