Guideline Value for SUBRAMANIA SIVA SALAI (WARD -8)

Subramania Siva Salai (Ward -8) guideline value

The current guideline value of Subramania Siva Salai (Ward -8) is Rs 1,320 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 Special Type - V.

How the guideline value of Subramania Siva Salai (Ward -8) has changed

The guideline value for Subramania Siva Salai has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained the same until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

Peramanoor village has a total of 430 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Subramania Siva Salai's 2024 figure above this median.

• Station Street (Ward -18): Rs 661 per sq.ft (2024)
• Sundarar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Surendrapuram (N): 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)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Subramania Siva Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 precise calculations.

Which Sub Registrar Office covers Subramania Siva Salai (Ward -8)?

The Sub Registrar Office that covers Subramania Siva Salai (Ward -8) 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 is a critical factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the taxes owed, ensuring that both the buyer and seller are aware of the financial implications of the sale. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Subramania Siva Salai (Ward -8)?

The current guideline value of Subramania Siva Salai (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Subramania Siva Salai?

The land classification for Subramania Siva Salai (Ward -8) is Residential Special Type - V.

What are the stamp duty and registration fees for a property in Subramania Siva Salai?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for properties in Peramanoor?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in Peramanoor, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.