Guideline Value for UNION SALAI, PERAMNUR (WARD -15)

Union Salai, Peramnur (Ward -15) guideline value

The current guideline value of Union Salai, Peramnur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Union Salai, Peramnur (Ward -15) has changed

Over the years, the guideline value for Union Salai has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. However, the value rebounded to Rs 400 per sq.ft in the 2023 revision, and currently stands at Rs 440 per sq.ft as of the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. The value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Union Salai's 2024 figure below that median.

• Unity Colony (Kr): Rs 990 per sq.ft (2024)
• Umarupulavar Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 550 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Vaamana Munivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vaanavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Union Salai, Peramnur (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. 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 details.

Which Sub Registrar Office covers Union Salai, Peramnur (Ward -15)?

The Sub Registrar Office that covers Union Salai, Peramnur (Ward -15) 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a transaction, the guideline value serves as a benchmark for calculating taxes. The registration office uses this value to assess the property, and it is essential for both parties to be aware of the current guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Union Salai, Peramnur (Ward -15)?

The current guideline value of Union Salai, Peramnur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft as of 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification for Union Salai, Peramnur (Ward -15)?

Union Salai, Peramnur (Ward -15) is classified as Residential Class II Type - II. This classification is important for determining the appropriate guideline value and regulations for property transactions.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Union Salai?

Stamp duty for properties in Union Salai is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 30,800 at 7%.