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

Union Salai, Peramnur (Ward -15) guideline value

The current guideline value for Union Salai, Peramnur (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO, classified as 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. In 2012, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 400 per sq.ft in 2023, and further increased to Rs 440 per sq.ft in 2024, marking a 10% rise from the previous year. Notably, the register has no figures for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase, reflecting the changes in the real estate landscape in the area.

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 value for these streets is Rs 990 per sq.ft, placing the 2024 figure for Union Salai 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 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 amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total stamp duty and registration fee together 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 precise calculations based on your property 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 Panangottur

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which ensures that the government receives due revenue from property transactions.

Frequently asked questions

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

The current guideline value for 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 increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Panangottur?

The median guideline value for streets in Panangottur is Rs 990 per sq.ft, with Union Salai's value being below this median at Rs 440 per sq.ft.

What are the stamp duty rates for properties in Union Salai?

The stamp duty rate for properties in Union Salai is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Union Salai?

The Chengleput Joint II Sub Registrar Office, which covers Union Salai, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.