Guideline Value for P.G.Road

P.G.Road guideline value

The current guideline value of P.G.Road in Venkadu village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of P.G.Road has changed

The guideline value for P.G.Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 201 per sq.ft, marking a decrease of 33%. The value increased significantly by 49% to Rs 300 per sq.ft in the 2023 revision, and it has remained stable at Rs 300 per sq.ft in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has remained unchanged.

Guideline values in Venkadu

In Venkadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of P.G.Road.

• Perumal Nagar: Rs 300 per sq.ft (2024)
• Perumal Koil Street: Rs 300 per sq.ft (2024)
• Pooja Avenue: Rs 300 per sq.ft (2024)
• Othavadai Street: Rs 310 per sq.ft (2024)
• Om Sakthi Sri Ellaiamman Nagar: Rs 400 per sq.ft (2024)
• Royal Farms: Rs 310 per sq.ft (2024)

Stamp duty and registration fee for property in P.G.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.G.Road?

The Sub Registrar Office that covers P.G.Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Venkadu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value acts as a benchmark. Buyers and sellers must consider this value to avoid disputes during the registration process, as it influences the overall costs involved.

Frequently asked questions

What is the current guideline value of P.G.Road?

The current guideline value of P.G.Road is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the median guideline value in Venkadu?

The median guideline value for the 24 streets in Venkadu is Rs 300 per sq.ft, which is the same as the guideline value for P.G.Road.

What are the stamp duty and registration fees for properties in P.G.Road?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for P.G.Road located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.