Guideline Value for P.V.S.NAGAR LINK ROAD

P.V.S.Nagar Link Road guideline value

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

How the guideline value of P.V.S.Nagar Link Road has changed

The guideline value for P.V.S.Nagar Link Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then dropped to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally rose to Rs 2,800 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

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 for these streets is Rs 3,300 per sq.ft, indicating that the 2024 figure for P.V.S.Nagar Link Road is below this median.

• P.V.S.Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• P.V.S.Nagar 2nd Street: 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 Link Road

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

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

Which Sub Registrar Office covers P.V.S.Nagar Link Road?

The P.V.S.Nagar Link Road is covered by 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 plays a crucial role in the registration process for property transactions in Okkiyamthuraipakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the guideline value as it ensures that the transaction is registered at a fair value, in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of P.V.S.Nagar Link Road?

The current guideline value of P.V.S.Nagar Link Road 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 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for P.V.S.Nagar Link Road?

P.V.S.Nagar Link Road is classified as Residential Class II Type - II.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for P.V.S.Nagar Link Road?

The Neelankarai Sub Registrar Office handles the registration for P.V.S.Nagar Link Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.