Guideline Value for P.P.NAGAR (S.No.191/1,5A)

P.P.NAGAR (S.No.191/1,5A) guideline value

The current guideline value for P.P.NAGAR (S.No.191/1,5A) is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Kizhnallathur & Melnallathur village under the Manavalanagar SRO and is classified as Residential Special Type - II.

How the guideline value of P.P.NAGAR (S.No.191/1,5A) has changed

The guideline value for P.P.NAGAR has seen several revisions over the years. In 2012, the value was set at Rs 350 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 234 per sq.ft, reflecting a decrease of 33%. The value then increased by 50% to Rs 350 per sq.ft in the 2023 revision, and it has remained at Rs 350 per sq.ft in the 2024 revision, showing no change from the previous year.

It is worth noting that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 350 per sq.ft.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are a total of 67 streets under the Manavalanagar SRO that have a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing P.P.NAGAR's 2024 figure above this median.

• Prajo Park: Rs 226 per sq.ft (2024)
• Parvathy Nagar: Rs 300 per sq.ft (2024)
• Pallavan Thirnagar Extension 2: Rs 300 per sq.ft (2024)
• Pallavan Thirnagar: Rs 300 per sq.ft (2024)
• Rp Nagar: Rs 250 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in P.P.NAGAR (S.No.191/1,5A)

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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 information.

Which Sub Registrar Office covers P.P.NAGAR (S.No.191/1,5A)?

The Sub Registrar Office that covers P.P.NAGAR (S.No.191/1,5A) is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value plays a crucial role during property registration in Kizhnallathur & Melnallathur. It is the value set by the government for property transactions and is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When buying or selling property, the guideline value ensures a standardized approach to property valuation, helping to maintain transparency in real estate transactions. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher value will be used for calculating applicable duties and fees.

Frequently asked questions

What is the current guideline value for P.P.NAGAR?

The current guideline value for P.P.NAGAR (S.No.191/1,5A) is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased back to Rs 350 per sq.ft in 2023 and remained the same in 2024.

Where can I find the registration office for P.P.NAGAR?

The registration office for P.P.NAGAR is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.

What is the stamp duty rate for properties in P.P.NAGAR?

The stamp duty rate for properties in P.P.NAGAR is 7% of the guideline value or the sale price, whichever is higher.

What is the median guideline value in Kizhnallathur & Melnallathur?

The median guideline value in Kizhnallathur & Melnallathur is Rs 250 per sq.ft, with P.P.NAGAR's value being above this median at Rs 350 per sq.ft.