Guideline Value for P.M.D Nagar

P.M.D Nagar guideline value

The current guideline value of P.M.D Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Padappai village under the Padappai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of P.M.D Nagar has changed

The guideline value for P.M.D Nagar has seen several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median value for these streets is Rs 830 per sq.ft, placing P.M.D Nagar's 2024 figure above this median.

• Perumal Koil Street: Rs 830 per sq.ft (2024)
• Periya Street: Rs 830 per sq.ft (2024)
• Primier Nagar: Rs 990 per sq.ft (2024)
• Periyar Nagar: Rs 830 per sq.ft (2024)
• Pushpagiri Salai: Rs 830 per sq.ft (2024)
• Radha Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in P.M.D Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.M.D Nagar?

P.M.D Nagar falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Padappai. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the value of the property. This value is used to calculate stamp duty and registration fees, which are essential costs in the transaction process.

Frequently asked questions

What is the current guideline value of P.M.D Nagar?

The current guideline value of P.M.D Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in P.M.D Nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for P.M.D Nagar?

The Padappai Sub Registrar Office handles registrations for P.M.D Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of P.M.D Nagar?

P.M.D Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.