Guideline Value for P.L AEROCITY PHASE - II

P.L Aerocity Phase - II guideline value

The current guideline value of P.L Aerocity Phase - II is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Thirupanthiyoor village, under the Sunguvarchattram SRO, and is classified as Mixed Type - II land.

How the guideline value of P.L Aerocity Phase - II has changed

The guideline value for P.L Aerocity Phase - II has remained consistent at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, showing a change of +0%. Prior to the 2023 revision, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

In summary, the 2024 revision maintains the same guideline value as the 2023 revision, which was also Rs 600 per sq.ft. This stability indicates that there have been no changes recorded for this street during the previous revisions.

Guideline values in Thirupanthiyoor

Thirupanthiyoor village has 53 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing P.L Aerocity Phase - II above this median.

• P.L.Aero City: Rs 600 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 400 per sq.ft (2024)
• Punitha Annal street: Rs 350 per sq.ft (2024)
• Pazhaiyapannur Road: Rs 300 per sq.ft (2024)
• Ozone City: Rs 350 per sq.ft (2024)
• Royal City: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in P.L Aerocity Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total 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, leading to a combined total of Rs 54,000. It is important to note that the 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 P.L Aerocity Phase - II?

The Sub Registrar Office covering P.L Aerocity Phase - II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirupanthiyoor. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established values in the area.

Frequently asked questions

What is the current guideline value of P.L Aerocity Phase - II?

The current guideline value of P.L Aerocity Phase - II 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 for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for P.L Aerocity Phase - II?

P.L Aerocity Phase - II is classified as Mixed Type - II land, which indicates its potential uses and development options within the area.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for P.L Aerocity Phase - II located?

The Sub Registrar Office for P.L Aerocity Phase - II is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.