Guideline Value for P.V.S.NAGAR

P.V.S.Nagar guideline value

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

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

Over the years, the guideline value of P.V.S.Nagar has seen several revisions. The earliest recorded value in 2003 was Rs 157 per sq.ft. This increased significantly to Rs 1,042 per sq.ft in 2007, representing a 564% rise. In 2012, the value was Rs 2,500 per sq.ft, which marked a decrease of 33% from the previous revision. The 2017 revision saw a substantial increase to Rs 1,675 per sq.ft, a 49% increase from 2012. The guideline value then rose to Rs 2,500 per sq.ft in 2023, before the latest revision to Rs 2,800 per sq.ft in 2024, reflecting a 12% increase.

It is important to note that there is no recorded figure for P.V.S.Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 1683%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing P.V.S.Nagar's current value below this median.

• P.V.S.Nagar 1st 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 3rd Street: Rs 2,800 per sq.ft (2024)
• P.V.S.Nagar Link Road: 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

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, making the total cost for these charges Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers P.V.S.Nagar is 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

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

The current guideline value of P.V.S.Nagar 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 157 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, showing significant increases and a few decreases in between revisions.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft for the year 2024.

What are the stamp duty rates for property transactions in P.V.S.Nagar?

The stamp duty for property transactions in P.V.S.Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for P.V.S.Nagar?

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