Guideline Value for SILAPATHIHARAM CROSS STREET (WARD -8)

Silapathiharam Cross Street (Ward -8) guideline value

The current guideline value of Silapathiharam Cross Street (Ward -8) is Rs 1,320 per sq.ft. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Silapathiharam Cross Street (Ward -8) has changed

The guideline value for Silapathiharam Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it 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. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, 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. Silapathiharam Cross Street's 2024 figure of Rs 1,320 per sq.ft is above this median.

• Silappathikaram Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Sidco Industrial Estate (Ward -8): Rs 1,320 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 661 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Silapathiharam Cross Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Silapathiharam Cross Street (Ward -8)?

The Sub Registrar Office that covers Silapathiharam Cross Street (Ward -8) 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 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 accurately in the official records.

When buying or selling property, the guideline value influences the stamp duty and registration fees that are applicable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Silapathiharam Cross Street?

The current guideline value of Silapathiharam Cross Street (Ward -8) 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 increased 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 Silapathiharam Cross Street?

The land classification for Silapathiharam Cross Street (Ward -8) is Residential Special Type - V.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Silapathiharam Cross Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Silapathiharam Cross Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.