Guideline Value for STATION STREET (WARD -18)

Station Street (Ward -18) guideline value

The current guideline value of Station Street (Ward -18) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Station Street (Ward -18) has changed

The guideline value for Station Street has experienced several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. In 2017, it decreased to Rs 402 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 661 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. 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 that carry 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 Station Street is below this median.

• Subramania Siva Salai (Ward -8): Rs 1,320 per sq.ft (2024)
• Sundarar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Surendrapuram (N): Rs 661 per sq.ft (2024)
• Sri Sakthi Nagar (Ward -15): Rs 661 per sq.ft (2024)
• Swamy Nagar (Kr): Rs 661 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Station Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, making the total cost for these fees 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Station Street (Ward -18)?

The Sub Registrar Office that covers Station Street (Ward -18) 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 details.

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 is used to determine the stamp duty and registration fees when buying or selling property. Buyers must be aware that the guideline value is set by the government and serves as a benchmark for the minimum value of properties in the area.

When registering a property, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Station Street (Ward -18)?

The current guideline value of Station Street (Ward -18) 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 to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Station Street (Ward -18)?

Station Street (Ward -18) falls under the land classification of Residential Class I Type - III.

What are the stamp duty and registration fees for property in Station Street (Ward -18)?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490.

Which office handles registrations for Station Street (Ward -18)?

The Chengleput Joint II Sub Registrar Office handles registrations for Station Street (Ward -18), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.