Guideline Value for P.M.D. Nagar

P.M.D. Nagar guideline value

The current guideline value of P.M.D. Nagar, located in Peerklankaranai village under the Tambaram Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

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 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it was reduced to Rs 1,005 per sq.ft. Subsequently, the value increased to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Peerklankaranai

Peerklankaranai village has a total of 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is the same as the current value for P.M.D. Nagar.

• P.M.D. Nagar 1St Street: Rs 1,650 per sq.ft (2024)
• P.M.D. Nagar 2St Street: Rs 1,650 per sq.ft (2024)
• Perumal Koil Street: Rs 1,320 per sq.ft (2024)
• Perarinjar Anna Street: Rs 1,320 per sq.ft (2024)
• Pathmanaban Street: Rs 1,320 per sq.ft (2024)
• Parijadham Street: Rs 1,100 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers P.M.D. Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration 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 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various adjustments in between, including a reduction in 2017 and subsequent increases.

What is the registration office for P.M.D. Nagar?

The registration office for P.M.D. Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated in P.M.D. Nagar?

Stamp duty in P.M.D. Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

What are the other streets in Peerklankaranai with their guideline values?

Other streets in Peerklankaranai include P.M.D. Nagar 1St Street and P.M.D. Nagar 2St Street, both at Rs 1,650 per sq.ft, along with several others at varying rates.