Guideline Value for T.N.H.B (WARD -8)

T.N.H.B (Ward -8) guideline value

The current guideline value for T.N.H.B (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of T.N.H.B (Ward -8) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. It then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and further rose to Rs 1,320 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing T.N.H.B (Ward -8) above this median.

• Town Centre M.M.Nagar (Ward -3): Rs 1,760 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 661 per sq.ft (2024)
• Thriuvalluvar Street (Village Colony) (Kr): Rs 550 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 661 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 660 per sq.ft (2024)
• Thondaiman Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.H.B (Ward -8)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.N.H.B (Ward -8)?

The Sub Registrar Office covering T.N.H.B (Ward -8) 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 Peramanoor

The guideline value is a crucial factor in property transactions in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value based on the current rates set by the government.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, and it helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of T.N.H.B (Ward -8)?

The current guideline value of T.N.H.B (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 increased 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 T.N.H.B (Ward -8)?

The land classification for T.N.H.B (Ward -8) is Residential Special Type - V.

What are the stamp duty and registration fees for property in T.N.H.B (Ward -8)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for stamp duty and registration fees would be Rs 1,18,800.

Where can I find the Sub Registrar Office for T.N.H.B (Ward -8)?

The Sub Registrar Office for T.N.H.B (Ward -8) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.