Guideline Value for P.V.S.NAGAR 3RD STREET

P.V.S.Nagar 3rd Street guideline value

The current guideline value of P.V.S.Nagar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of P.V.S.Nagar 3rd Street has changed

The guideline value for P.V.S.Nagar 3rd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft from the 2024 revision, reflecting a change of +12% from 2023 to 2024 and a substantial increase of +49% from 2017 to 2023.

It is important to note 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 increased by +12%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, making the current value of P.V.S.Nagar 3rd Street below this median.

• P.V.S.Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• P.V.S.Nagar Link Road: Rs 2,800 per sq.ft (2024)
• P.V.S.Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• P.V.S.Nagar: Rs 2,800 per sq.ft (2024)
• P.T.C.Quarters 4th Cross Street: Rs 2,800 per sq.ft (2024)
• Ptc Quarters 3rd Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in P.V.S.Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.V.S.Nagar 3rd Street?

The P.V.S.Nagar 3rd Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

Frequently asked questions

What is the current guideline value of P.V.S.Nagar 3rd Street?

The current guideline value of P.V.S.Nagar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, marking a +12% increase. It rose from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, a change of +49%.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft. The guideline value of P.V.S.Nagar 3rd Street is below this median.

What are the stamp duty rates for properties in P.V.S.Nagar 3rd Street?

The stamp duty rate for properties in P.V.S.Nagar 3rd Street is 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.