Guideline Value for SRI BAVANI NAGAR PERAMANUR (WARD -15)

Sri Bavani Nagar Peramanur (Ward -15) guideline value

The current guideline value of Sri Bavani Nagar Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Bavani Nagar Peramanur (Ward -15) has changed

The guideline value for Sri Bavani Nagar Peramanur has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft from the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The transition from 2023 to 2024 reflects a 10% increase, leading to an overall change of +10% from 2012 to 2024.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the guideline value of Sri Bavani Nagar Peramanur (Ward -15) below that median.

• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 660 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -I: Rs 990 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase - III: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Bavani Nagar Peramanur (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bavani Nagar Peramanur (Ward -15)?

The Sub Registrar Office that covers Sri Bavani Nagar Peramanur (Ward -15) 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 Kattankollatur

The guideline value is a crucial factor when buying or selling property in Kattankollatur, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value serves as a benchmark for the transaction, ensuring that the government receives the appropriate taxes based on the property's value. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Bavani Nagar Peramanur (Ward -15)?

The current guideline value of Sri Bavani Nagar Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft from the 2024 revision.

What is the land classification for Sri Bavani Nagar Peramanur?

Sri Bavani Nagar Peramanur is classified as Residential Class II Type - II, which indicates its suitability for residential development.

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

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sri Bavani Nagar Peramanur?

The Chengleput Joint II Sub Registrar Office handles registrations for Sri Bavani Nagar Peramanur (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.