Guideline Value for SRI CHANDRA SURYA GARDENS (WARD -15)

Sri Chandra Surya Gardens (Ward -15) guideline value

The current guideline value of Sri Chandra Surya Gardens (Ward -15) is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Sri Chandra Surya Gardens (Ward -15) has changed

Over the years, the guideline value for Sri Chandra Surya Gardens has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was followed by a decrease to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. Subsequently, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and then rose again to Rs 990 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. The register does not have 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 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value for Sri Chandra Surya Gardens (Ward -15) is below this median.

• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Balaji Nagar(West) Kattankolathur (Ward -18): 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 Chandra Surya Gardens (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Chandra Surya Gardens (Ward -15)?

The Sub Registrar Office that covers Sri Chandra Surya Gardens (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, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official value set by the authorities.

It is essential for buyers and sellers to be familiar with the guideline value, as it affects the overall cost of the transaction. Understanding the guideline value can help in making informed decisions during property dealings in Peramanoor.

Frequently asked questions

What is the current guideline value of Sri Chandra Surya Gardens?

The current guideline value of Sri Chandra Surya Gardens (Ward -15) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. Duty is charged on the higher of the guideline value and the sale price.

Which office handles registrations for Sri Chandra Surya Gardens?

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

What is the land classification for Sri Chandra Surya Gardens?

The land classification for Sri Chandra Surya Gardens (Ward -15) is Residential Class I Type - II, indicating its suitability for residential development.