Guideline Value for SINDHAMANI STREET (WARD -7)

Sindhamani Street (Ward -7) guideline value

The current guideline value of Sindhamani Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO, with a land classification of Residential Special Type - V.

How the guideline value of Sindhamani Street (Ward -7) has changed

The guideline value for Sindhamani Street (Ward -7) has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained the same until the next revision in 2017, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. Following this, the value saw a significant increase to Rs 1,200 per sq.ft in 2023, and then further rose to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for Sindhamani Street in the revisions for the years 2002, 2003, and 2007. The 2024 revision shows a 10% increase from the 2023 figure of Rs 1,200 per sq.ft, and a 49% increase from the 2017 figure of Rs 804 per sq.ft.

Guideline values in Peramanoor

In Peramanoor village, 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. The median value for these streets is Rs 1,100 per sq.ft, placing Sindhamani Street's 2024 figure above this median.

• Silappathikaram Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Silapathiharam Cross Street (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)
• Sinthamani Nagar (Per): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhamani Street (Ward -7)

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, making the total fees 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 Sindhamani Street (Ward -7)?

The Sub Registrar Office that covers Sindhamani Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 critical 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 transparency and consistency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid. This ensures that all transactions are conducted fairly and according to the established regulations of the Chengleput Joint II SRO.

Frequently asked questions

What is the current guideline value of Sindhamani Street (Ward -7)?

The current guideline value of Sindhamani Street (Ward -7) 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 increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Peramanoor with similar guideline values?

Other streets in Peramanoor with a guideline value of Rs 1,320 per sq.ft include Silappathikaram Street and Singaravelan Street. There are also streets with lower values such as Sinthamani Nagar Annex (Pa) at Rs 661 per sq.ft.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sindhamani Street (Ward -7)?

Stamp duty for properties in Sindhamani Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 92,400 based on the current guideline value.