Guideline Value for SILVER PERMIUM COUNTY (CHEN)

Silver Permium County (Chen) guideline value

The current guideline value of Silver Permium County (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Silver Permium County (Chen) has changed

Over the years, the guideline value for Silver Permium County (Chen) has undergone several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 1,100 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of Silver Permium County (Chen) is above this median.

• Sinthamanoor Industrial Ariya Part -II (Chen): Rs 1,320 per sq.ft (2024)
• Shankar Nagar (Chen): Rs 660 per sq.ft (2024)
• Sp Avenue (Chen): Rs 1,320 per sq.ft (2024)
• Sp Avenue Phase -I: Rs 1,320 per sq.ft (2024)
• Sree Gokulapuram (Chen): Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extension: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Silver Permium County (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. 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 Silver Permium County (Chen)?

The Chengleput Joint II Sub Registrar Office covers Silver Permium County (Chen). The office is 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 Sengundram - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official records. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Silver Permium County (Chen)?

The current guideline value of Silver Permium County (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 revision at Rs 1,000 per sq.ft, followed by a decrease to Rs 670 per sq.ft in 2017. It then returned to Rs 1,000 per sq.ft in 2023 and increased to Rs 1,100 per sq.ft in 2024.

What is the land classification for Silver Permium County (Chen)?

Silver Permium County (Chen) is classified as Residential Special Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Silver Permium County (Chen)?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Silver Permium County (Chen)?

The Chengleput Joint II Sub Registrar Office handles the registration for Silver Permium County (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.