Guideline Value for SINGARAVELAN STREET (WARD -7)

Singaravelan Street (Ward -7) guideline value

The current guideline value of Singaravelan Street (Ward -7) 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 Singaravelan Street (Ward -7) has changed

The guideline value for Singaravelan Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,320 per sq.ft in 2024, representing a 10% rise.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures available for the years 2002, 2003, and 2007 for this street.

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. The median guideline value in this area is Rs 1,100 per sq.ft, placing Singaravelan Street's 2024 figure above that median.

• 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)
• Sinthamani Nagar (Sa): Rs 550 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Silappathikaram Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Singaravelan 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It's 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Singaravelan Street (Ward -7)?

The Sub Registrar Office that covers Singaravelan Street (Ward -7) 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 during the registration process of property transactions in Peramanoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This value ensures transparency and standardization in property transactions, protecting the interests of both parties involved.

Frequently asked questions

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

The current guideline value of Singaravelan 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 is the land classification for Singaravelan Street?

The land classification for Singaravelan Street (Ward -7) is Residential Special Type - V.

What are the registration fees for properties in Singaravelan Street?

The registration fees are calculated based on the guideline value, which for Singaravelan Street is Rs 1,320 per sq.ft. For a 1,000 sq.ft plot, the total registration fees would be Rs 1,18,800.

Where can I find the Sub Registrar Office for Singaravelan Street?

The Sub Registrar Office for Singaravelan Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.