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Guideline Value

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

₹440/sq.ft.

The guideline value for Sri Bavani Nagar Peramanur (ward -15) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Bavani Nagar Peramanur (ward -15)

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Sri Bavani Nagar Peramanur (Ward -15) guideline value

The current guideline value for Sri Bavani Nagar Peramanur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam 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 undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, when it dropped to Rs 268 per sq.ft, marking a decrease of 33%. The value then increased to Rs 400 per sq.ft in the 2023 revision, before rising to Rs 440 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value saw a significant increase of 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, positioning Sri Bavani Nagar Peramanur's 2024 figure below this median.

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 is Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. 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 Sri Bavani Nagar Peramanur (Ward -15)?

The Chengleput Joint II Sub Registrar Office covers Sri Bavani Nagar Peramanur (Ward -15). The office is 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 Sattamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

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 back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024. This reflects various increases and decreases over the years.

What is the land classification for Sri Bavani Nagar Peramanur?

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

What is the stamp duty rate in Sri Bavani Nagar Peramanur?

The stamp duty rate for properties in Sri Bavani Nagar Peramanur is 7%, which is applied to the higher of the guideline value or the sale price of the property.

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. You can find more information about your SRO through the provided link.