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

Sri Bhuvaneswari Avenue Peramanur (Ward -15) guideline value

The current guideline value for Sri Bhuvaneswari Avenue Peramanur (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO, 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 seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 600 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for this street in the years 2002, 2003, and 2007.

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. The median guideline value in this area is Rs 1,100 per sq.ft, positioning Sri Bhuvaneswari Avenue Peramanur 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 Ganapathi Nagar Colony: Rs 660 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 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, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these 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.

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

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

The Sri Bhuvaneswari Avenue Peramanur (Ward -15) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value is a crucial factor when registering property transactions in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to assess the tax obligations, ensuring that the fees are calculated based on the higher value between the guideline and the sale price. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Bhuvaneswari Avenue Peramanur?

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 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other guideline values in Sattamangalam?

In Sattamangalam, guideline values range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sri Bhuvaneswari Avenue Peramanur's value is below this median.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.

Where can I find the Sub Registrar Office for Sri Bhuvaneswari Avenue Peramanur?

The Chengleput Joint II Sub Registrar Office covers Sri Bhuvaneswari Avenue Peramanur, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.