Guideline Value for SRI BHUVANESWARI AVENUE PERAMANUR (WARD -15)

Sri Bhuvaneswari Avenue Peramanur (Ward -15) guideline value

The current guideline value of Sri Bhuvaneswari Avenue Peramanur (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sri Bhuvaneswari Avenue Peramanur (Ward -15) has changed

The guideline value for Sri Bhuvaneswari Avenue Peramanur has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, an increase of 10% from Rs 600 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, marking a significant rise of 49% from the previous value in 2023. In 2012, the value was Rs 600 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, when comparing the 2012 and 2024 revisions, there has been an increase of 10% in the guideline value.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sri Bhuvaneswari Avenue Peramanur's 2024 figure below this median.

• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 per sq.ft (2024)
• Sri Balaji Nagar Extension: Rs 660 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sree Siva Sakthi Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Bhuvaneswari Avenue Peramanur (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sri Bhuvaneswari Avenue Peramanur (Ward -15)?

The Sub Registrar Office that covers Sri Bhuvaneswari Avenue 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 Ninna Karai

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Bhuvaneswari Avenue Peramanur (Ward -15)?

The current guideline value of Sri Bhuvaneswari Avenue Peramanur (Ward -15) is Rs 660 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 2023 to Rs 660 per sq.ft in 2024, a 10% increase. It was Rs 402 per sq.ft in 2017, which was a 49% increase from 2023.

What is the land classification for Sri Bhuvaneswari Avenue Peramanur?

Sri Bhuvaneswari Avenue Peramanur is classified as Residential Class I Type - III.

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 Ninna Karai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000, leading to a stamp duty of Rs 46,200.