Guideline Value for V.O.SITHAMPARANAR SALAI (WARD -8)

V.O.Sithamparanar Salai (Ward -8) guideline value

The current guideline value of V.O.Sithamparanar Salai (Ward -8) is Rs 1,760 per sq.ft. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of V.O.Sithamparanar Salai (Ward -8) has changed

The guideline value for V.O.Sithamparanar Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,072 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,600 per sq.ft, and the latest 2024 revision has set it at Rs 1,760 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing V.O.Sithamparanar Salai's 2024 figure above that median.

• V.O.C Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Yadavar Street (Ward -19): Rs 660 per sq.ft (2024)
• Vivekananda Nagar (Ward -18): Rs 1,100 per sq.ft (2024)
• Vishnupriya Avenue (Ward -2): Rs 1,650 per sq.ft (2024)
• Yerikkarai Street (Ward -3): Rs 990 per sq.ft (2024)
• Vip Enclave: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.Sithamparanar Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.O.Sithamparanar Salai (Ward -8)?

The Sub Registrar Office that covers V.O.Sithamparanar Salai (Ward -8) 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 Peramanoor

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

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of V.O.Sithamparanar Salai (Ward -8)?

The current guideline value of V.O.Sithamparanar Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for V.O.Sithamparanar Salai?

The land classification for V.O.Sithamparanar Salai (Ward -8) is Residential Special Type - III.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers V.O.Sithamparanar Salai (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.