Penneswaramadam-2

About Penneswaramadam-2 Village

Penneswaramadam-2 is a quaint revenue village nestled under the Kaveripattinam Sub Registrar Office (SRO) in the Krishnagiri district of Tamil Nadu. This village boasts a diverse landscape categorized into 8 different land classifications, making it a unique location for both agricultural and residential purposes. With a total of 391 survey numbers, Penneswaramadam-2 has published guideline values that provide a benchmark for property transactions, ensuring transparency and fairness in the real estate market.

Land Classifications in Penneswaramadam-2

Understanding land classifications is crucial for property buyers. In Penneswaramadam-2, the following categories exist:

• Wet Land (Nanjai): This is irrigated agricultural land with a consistent water source, typically attracting higher guideline values due to its productivity.
• Dry Land (Punjai): This type of land relies on rainfall for agriculture. It generally has lower values compared to wet land.
• Garden Land: Land used for orchards and plantation crops. These areas can have varying values depending on their yield and location.
• Commercial: Designated for business activities, this land type usually commands higher guideline values reflecting its potential for revenue generation.
• Residential: Land allocated for housing and dwellings. The value here is influenced by location, amenities, and demand.
• Industrial: This classification is meant for manufacturing and industrial use, often with higher values due to the economic benefits they provide.

Each land classification plays a significant role in determining the guideline value, with wet and commercial lands typically being valued higher than dry and residential lands.

Understanding Survey Numbers

The survey number system in Tamil Nadu villages is vital for property identification. Here’s how it works:

• Assignment of Survey Numbers: Each plot of land is assigned a unique survey number to distinguish it from others.
• Main Survey vs Subdivisions: Main survey numbers can have subdivisions (e.g., 1/1, 1/2) which indicate portions of a larger plot.
• Reading Your Patta: To find your survey number, refer to your patta document, where it is clearly listed.
• Verifying Survey Boundaries: To confirm boundaries, you can refer to the Field Measurement Book (FMB) maintained by local authorities.

How to Find Your Guideline Value

Finding your guideline value is a straightforward process. Follow these steps:

1. Identify your survey number from your patta or sale deed.
2. Determine the correct land classification for your property.
3. Locate the corresponding value in the guideline value table.
4. Use the per square foot value for your calculations to estimate the total value.
5. If applicable, consider subdivision factors which may affect the final value.

Frequently Asked Questions

• How to find my survey number? You can find your survey number listed on your patta or sale deed.
• What is the difference between wet land and dry land values? Wet land typically has higher values due to its irrigated nature, while dry land values are lower as they depend on rainfall.
• Can I register below guideline value? Registration below the guideline value is generally not permitted, as it is set to ensure fair market practices.
• How often are village guideline values updated? Village guideline values are typically reviewed and updated periodically, with the latest updates effective from July 2024.

Disclaimer

The guideline values mentioned are sourced from TNReginet and are effective from July 2024. For any official transactions or inquiries, it is advisable to verify with the Kaveripattinam Sub Registrar Office.