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 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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. In the 2012 revision, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then rose again to Rs 661 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures 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 with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Sri Bavani Nagar Peramanur is below this median.

• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Hari Avenue: Rs 990 per sq.ft (2024)
• Sri Hari Avenue Phase -V: Rs 990 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. 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 details.

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, 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 plays a crucial role in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value as it impacts the overall cost of the transaction.

When a property is bought or sold, the guideline value is referenced to ensure that the correct fees are charged. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Bavani Nagar Peramanur?

The current guideline value of Sri Bavani Nagar Peramanur (Ward -15) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Sri Bavani Nagar Peramanur?

Sri Bavani Nagar Peramanur is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 59,490 based on the current guideline value.

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.