Guideline Value for P.S.G GARDEN

P.S.G Garden guideline value

The current guideline value of P.S.G Garden, located in Kattankollatur village under the Chengleput Joint II SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of P.S.G Garden has changed

The guideline value for P.S.G Garden has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value rose significantly to Rs 900 per sq.ft in 2023, marking a 49% increase from the previous revision. The latest revision in 2024 has set the value at Rs 990 per sq.ft, reflecting a 10% increase from 2023.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median value in this area is Rs 1,100 per sq.ft, and P.S.G Garden's 2024 figure is below this median.

• Priya Nagar (Sa): Rs 440 per sq.ft (2024)
• Pugazhendi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Puranaru Street (N): Rs 1,320 per sq.ft (2024)
• Puthumaipithan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Poyyamozhi Pulan Street (Per): Rs 1,320 per sq.ft (2024)
• Poultry Farm Quarters (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in P.S.G Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers P.S.G Garden?

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

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

The guideline value is a critical factor in the registration of property transactions in Kattankollatur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures compliance with local regulations and helps in determining the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of P.S.G Garden?

The current guideline value of P.S.G Garden is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the other streets in Kattankollatur and their guideline values?

Other streets in Kattankollatur include Priya Nagar (Sa) at Rs 440 per sq.ft, Pugazhendi Street (Ward -6) at Rs 1,320 per sq.ft, and Puthumaipithan Salai (Ward -8) at Rs 1,760 per sq.ft, among others.

What is the registration fee for property in P.S.G Garden?

The registration fee for property in P.S.G Garden is calculated based on the guideline value. For example, for a property valued at Rs 9,90,000, the registration fee would be Rs 19,800 at 2%.

Where can I find the Sub Registrar Office for P.S.G Garden?

The Sub Registrar Office for P.S.G Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information online.