Guideline Value for K.S.PURAM PAMBAKAL STREET (WARD -15)

K.S.Puram Pambakal Street (Ward -15) guideline value

The current guideline value of K.S.Puram Pambakal Street (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. The land classification for this area is Residential Class II Type - II.

How the guideline value of K.S.Puram Pambakal Street (Ward -15) has changed

The guideline value for K.S.Puram Pambakal Street has seen 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 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and the most recent revision in 2024 has raised it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

In terms of overall changes, the guideline value has increased by 10% from Rs 400 per sq.ft in 2012 to Rs 440 per sq.ft in 2024. The revision register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of K.S.Puram Pambakal Street is below this median.

• Krishtappa Street (Ward -17): Rs 550 per sq.ft (2024)
• Kulakkarai Street Old (Ward -15): Rs 440 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): Rs 550 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in K.S.Puram Pambakal Street (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, making the total fees 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers K.S.Puram Pambakal Street (Ward -15)?

K.S.Puram Pambakal Street (Ward -15) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Panangottur

The guideline value is a crucial factor when registering property transactions in Panangottur. It serves as a baseline for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market standards. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of K.S.Puram Pambakal Street?

The current guideline value of K.S.Puram Pambakal Street (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 several times, 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.

What is the land classification for K.S.Puram Pambakal Street?

The land classification for K.S.Puram Pambakal Street is Residential Class II Type - II.

Which office handles registrations for K.S.Puram Pambakal Street?

The Chengleput Joint II Sub Registrar Office handles registrations for K.S.Puram Pambakal Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in this area?

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