Guideline Value for P.M.S.Nagar

P.M.S.Nagar guideline value

The current guideline value of P.M.S.Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class V Type - I.

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

The guideline value for P.M.S.Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the 2023 revision of Rs 500 per sq.ft. Prior to that, the 2017 revision listed the value at Rs 335 per sq.ft, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing P.M.S.Nagar's 2024 figure below that median.

• Poonga Nagar: Rs 550 per sq.ft (2024)
• Pudhu Vannarapettai: Rs 550 per sq.ft (2024)
• Pudur: Rs 548 per sq.ft (2024)
• Pudur Medu: Rs 550 per sq.ft (2024)
• Periar Nagar 1st Street: Rs 988 per sq.ft (2024)
• Pepria Street: Rs 1,099 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the 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 further calculations.

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

The Sub Registrar Office that covers P.M.S.Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transfer of ownership. This helps maintain transparency in property transactions.

Frequently asked questions

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

The current guideline value of P.M.S.Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 335 per sq.ft to the current Rs 550 per sq.ft in 2024.

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

P.M.S.Nagar is classified as Residential Class V Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for P.M.S.Nagar?

The Sub Registrar Office for P.M.S.Nagar is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000.