Guideline Value for THANISKEYAR (PER)

Thaniskeyar (Per) guideline value

The current guideline value of Thaniskeyar (Per) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Thaniskeyar (Per) has changed

The guideline value of Thaniskeyar (Per) has seen several revisions over the years. The earliest recorded revision available is from 2012, which set the value at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,320 per sq.ft from the 2024 revision, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes include a 49% increase from 2017 to 2023, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 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 for the village is Rs 990 per sq.ft, and the guideline value for Thaniskeyar (Per) is above this median.

• Thembavani Street (N): Rs 1,320 per sq.ft (2024)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thaniskeyar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Therefore, the total cost for stamp duty and registration fee together would be Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thaniskeyar (Per)?

The Sub Registrar Office covering Thaniskeyar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Panangottur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements when transferring property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction reflects the official value set by the authorities, which is essential for maintaining transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Thaniskeyar (Per)?

The current guideline value of Thaniskeyar (Per) 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 currently stands at Rs 1,320 per sq.ft in 2024.

What is the land classification for Thaniskeyar (Per)?

Thaniskeyar (Per) is classified as Residential Special Type - V.

Where can I find the Sub Registrar Office for Thaniskeyar (Per)?

The Sub Registrar Office for Thaniskeyar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Thaniskeyar (Per)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.