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 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - III.

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

The guideline value for Union Salai has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 661 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

In summary, the guideline value has increased significantly from Rs 402 per sq.ft in 2017 to Rs 661 per sq.ft in 2024, reflecting a 49% increase over six years. Overall, from 2012 to 2024, the guideline value has increased by 10% from Rs 600 per sq.ft to Rs 661 per sq.ft.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Union Salai's 2024 figure 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 661 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 rate of Rs 661 per sq.ft, the guideline value would be Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. 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 Union Salai, Peramnur (Ward -15)?

The Chengleput Joint II Sub Registrar Office covers Union Salai, Peramnur (Ward -15). The office is 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 an essential factor in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers should be aware that the guideline value can impact the overall costs associated with the transaction.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. It helps maintain transparency in property dealings and ensures compliance with local regulations.

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 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 661 per sq.ft in 2024, with notable revisions in 2017 and 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Union Salai, Peramnur (Ward -15)?

The Chengleput Joint II Sub Registrar Office handles registrations for Union Salai, Peramnur (Ward -15). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

The land classification for Union Salai, Peramnur (Ward -15) is Residential Class I Type - III, indicating its suitability for residential development.