Guideline Value for P.V. Atchari Street

P.V. Atchari Street guideline value

The current guideline value of P.V. Atchari Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of P.V. Atchari Street has changed

The guideline value of P.V. Atchari Street has seen significant changes over the years. In 2003, the value was Rs 407 per sq.ft, which increased to Rs 600 per sq.ft in 2007, marking a 47% rise. The value remained unchanged at Rs 3,000 per sq.ft from 2012 until 2023, but saw a notable increase to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2007 to 2012, the value surged by 400%, reaching Rs 3,000 per sq.ft. Overall, from 2003 to 2024, there has been a remarkable increase of 711%, showcasing the evolving guideline value of this street. It is important to note that the register has no figure for the years 2002 and 2017 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of P.V. Atchari Street.

• P.V.Vithiyalingam Road: Rs 3,520 per sq.ft (2024)
• Radhabai Ammal (Layout): Rs 2,160 per sq.ft (2024)
• Radhabaiammal Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Radhabaiammal Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Radha Nagar Main Road: Rs 4,400 per sq.ft (2024)
• Radhapuram Ammal Layout: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in P.V. Atchari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, calculated at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fees would be Rs 2,97,000. 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 information.

Which Sub Registrar Office covers P.V. Atchari Street?

The Sub Registrar Office that covers P.V. Atchari Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property, ensuring that the transaction is recorded at a fair value according to the local regulations.

When buying or selling property, the guideline value serves as a benchmark for calculating the necessary fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of P.V. Atchari Street?

The current guideline value of P.V. Atchari Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 407 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 711% over the years.

Which Sub Registrar Office covers Zaminpallavaram?

The Pallavaram Sub Registrar Office covers Zaminpallavaram, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for properties in P.V. Atchari Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

What is the land classification of P.V. Atchari Street?

P.V. Atchari Street is classified as Residential Class I Type - II under the local regulations.