Guideline Value for P.V.K Street

P.V.K Street guideline value

The current guideline value of P.V.K Street in Padoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

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

In the 2012 revision, the guideline value for P.V.K Street was Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where it was also Rs 200 per sq.ft. However, in the 2017 revision, the value had previously decreased from Rs 134 per sq.ft in 2012, marking a -33% change. The 2023 revision also maintained the value at Rs 200 per sq.ft, showing no increase from the previous year.

With the 2024 revision, the guideline value remains at Rs 200 per sq.ft, indicating a 0% change from 2023. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Padoor

Padoor village has 22 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 705 per sq.ft, placing P.V.K Street's 2024 figure below that median.

• Poonnamallee TharSalai: Rs 200 per sq.ft (2024)
• MGR Street: Rs 150 per sq.ft (2024)
• SriRam Naidu veedhi: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 150 per sq.ft (2024)
• Susee Alight: Rs 810 per sq.ft (2024)
• Thendral: Rs 1,209 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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.V.K Street?

The Sub Registrar Office that covers P.V.K Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Padoor. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is used to determine the minimum value on which these fees are calculated. This ensures that the government receives the appropriate revenue from property transactions, regardless of the sale price.

Frequently asked questions

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

The current guideline value of P.V.K Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for P.V.K Street has remained at Rs 200 per sq.ft since 2012, with no changes noted in the revisions from 2023 to 2024. The only significant change occurred between 2012 and 2017, where it decreased from Rs 200 to Rs 134 per sq.ft.

What is the median guideline value in Padoor village?

The median guideline value for the 22 streets in Padoor village is Rs 705 per sq.ft. P.V.K Street's guideline value is below this median.

What are the stamp duty and registration fees for property in P.V.K Street?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 18,000. This includes a stamp duty of Rs 14,000 and a registration fee of Rs 4,000.

Where can I find the Sub Registrar Office for P.V.K Street?

The Sub Registrar Office covering P.V.K Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the relevant link.