Guideline Value for P.N.N AVENUE

P.N.N Avenue guideline value

The current guideline value of P.N.N Avenue in Thailavaram village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of P.N.N Avenue has changed

The guideline value for P.N.N Avenue has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which was then increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase.

Prior to the 2023 revision, there are no recorded figures for the street in the register. The 2024 figure of Rs 2,200 per sq.ft is notably higher than the median guideline value of Rs 770 per sq.ft for the 132 streets in Thailavaram under the Chengleput Joint II SRO.

Guideline values in Thailavaram

In Thailavaram, the guideline values range from Rs 440 to Rs 2,200 per sq.ft, with the median being Rs 770 per sq.ft. P.N.N Avenue's 2024 figure is above this median. Here are the guideline values for other streets in Thailavaram:

• Pilliyar Koil Street (Ward -1): Rs 770 per sq.ft (2024)
• Pillaiyar Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Pillaiyar Koil Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Perumal Koil Street (Ward-20): Rs 1,650 per sq.ft (2024)
• Psa Nagar (Ward -1): Rs 881 per sq.ft (2024)
• Periyar Street (Ward-20): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in P.N.N Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 more details.

Which Sub Registrar Office covers P.N.N Avenue?

The Sub Registrar Office that covers P.N.N Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thailavaram. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the guideline value helps establish a legal basis for the transaction, providing transparency and consistency in the property market. Buyers and sellers must 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.N.N Avenue?

The current guideline value of P.N.N Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for P.N.N Avenue was Rs 2,000 per sq.ft in 2023 and increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land for P.N.N Avenue?

P.N.N Avenue is classified as Residential Special Type - I under the Chengleput Joint II SRO.

What is the stamp duty rate for properties in Thailavaram?

The stamp duty rate for properties in Thailavaram is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration of property transactions.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. For more information, you can find your SRO.