Guideline Value for P.K.NARASIMAN NAGAR

P.K.Narasiman Nagar guideline value

The current guideline value of P.K.Narasiman Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village and falls under the Sriperumpudur SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of P.K.Narasiman Nagar has changed

In the 2023 revision, the guideline value for P.K.Narasiman Nagar was Rs 600 per sq.ft. The 2024 revision also maintains this figure at Rs 600 per sq.ft, indicating no change between these two revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the guideline value has remained consistent at Rs 600 per sq.ft since the 2023 revision, with no prior revisions providing a figure for this street. This stability suggests that the value has not fluctuated in recent years.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft, with a median value of Rs 300 per sq.ft. P.K.Narasiman Nagar's 2024 figure of Rs 600 per sq.ft is above this median.

• Pitchi Poo Street: Rs 300 per sq.ft (2024)
• Peyaridappadatha Manaipprivu: Rs 1,000 per sq.ft (2024)
• Poovarasampoo Street: Rs 300 per sq.ft (2024)
• Prasanthi Avenue: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Parijatham Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in P.K.Narasiman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 P.K.Narasiman Nagar?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponthoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation of the property.

When you register a property, the duty is charged on the higher of the guideline value or the sale price. This means that understanding the guideline value is essential for both buyers and sellers to accurately assess the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of P.K.Narasiman Nagar?

The current guideline value of P.K.Narasiman Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for P.K.Narasiman Nagar?

The land classification for P.K.Narasiman Nagar is Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Sub Registrar Office located for P.K.Narasiman Nagar?

The Sub Registrar Office for P.K.Narasiman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property transactions in P.K.Narasiman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.