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 Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

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

The guideline value for Union Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, before reaching the current rate of Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 10%. This reflects the fluctuations in property values in the area over the years.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Union Salai is below this 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 660 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Vaamana Munivar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Vaanavaramban Street (Ward -4): Rs 1,321 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 amounts to Rs 4,40,000. The stamp duty, calculated at 7%, would be Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total charges would be 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 our 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, 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 Ninna Karai

The guideline value is a crucial factor in property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when registering a property. This ensures that all transactions are conducted fairly and transparently, based on the established values set by the Registration Department.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the financial obligations involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected costs 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 to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

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

The land classification for Union Salai, Peramnur (Ward -15) is Residential Class II Type - II. This classification affects the guideline value and the type of properties that can be developed in this area.

Where is the Chengleput Joint II SRO located?

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

How is stamp duty calculated in Union Salai, Peramnur (Ward -15)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800.