Guideline Value for SILAPPATHIKARAM STREET (WARD -8)

Silappathikaram Street (Ward -8) guideline value

The current guideline value of Silappathikaram Street (Ward -8) is Rs 1,320 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 Special Type - V.

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

The guideline value for Silappathikaram Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,320 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, and Silappathikaram Street's current guideline value is above this median.

• Silapathiharam Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sidco Industrial Estate (Ward -8): 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 Silappathikaram 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 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, bringing the total costs together to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Silappathikaram 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process for 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 documented accurately for legal purposes.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Silappathikaram Street (Ward -8)?

The current guideline value of Silappathikaram Street (Ward -8) 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 Silappathikaram Street?

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

What are the stamp duty and registration fees for property here?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers Silappathikaram Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.