Guideline Value for P.L.AERO CITY

P.L.Aero City guideline value

The current guideline value of P.L.Aero City is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thirupanthiyoor village and falls under the Sunguvarchattram SRO. The land classification for this street is Mixed Type - II.

How the guideline value of P.L.Aero City has changed

According to the register, the guideline value for P.L.Aero City has remained consistent over the years. The 2017 revision recorded a value of Rs 600 per sq.ft, which was also maintained in the 2023 revision. The latest 2024 revision continues this trend, with the same value of Rs 600 per sq.ft. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, there has been no change in the guideline value, reflecting a stable pricing structure during this period. The changes from 2023 to 2024 also show a 0% increase, indicating that the value has remained unchanged in recent revisions.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO, with 2024 guideline values 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.Aero City's 2024 figure above this median.

• P.L Aerocity Phase - II: 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.Aero City

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.L.Aero City?

The Sub Registrar Office that covers P.L.Aero City 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 is a crucial factor in the registration of property transactions in Thirupanthiyoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are accurately assessed based on the official value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of P.L.Aero City?

The current guideline value of P.L.Aero City is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for P.L.Aero City has remained at Rs 600 per sq.ft since the 2017 revision, with no changes in the subsequent revisions of 2023 and 2024.

What is the median guideline value in Thirupanthiyoor?

The median guideline value for streets in Thirupanthiyoor is Rs 350 per sq.ft, with P.L.Aero City's value being above this median.

What are the stamp duty and registration fees for P.L.Aero City?

For a 1,000 sq.ft plot in P.L.Aero City, the total stamp duty and registration fees would amount to Rs 54,000 based on the current guideline value of Rs 6,00,000.

Which office handles property registrations for P.L.Aero City?

The Sunguvarchattram Sub Registrar Office is responsible for handling property registrations in P.L.Aero City, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.