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Guideline Value

Corporate

Guideline Value for PAAVANAR STREET (WARD -4)

₹1760/sq.ft.

The guideline value for Paavanar Street (ward -4) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1760 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1760 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Paavanar Street (ward -4)

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Paavanar Street (Ward -4) guideline value

The current guideline value of Paavanar Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Paavanar Street (Ward -4) has changed

Over the years, the guideline value of Paavanar Street has seen several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft, marking a decline of 33%. However, the value rebounded significantly in the following revisions, reaching Rs 1,600 per sq.ft in 2023 and then increasing to Rs 1,760 per sq.ft in 2024, a rise of 10% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Paavanar Street's 2024 figure above this median.

Stamp duty and registration fee for property in Paavanar Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Paavanar Street (Ward -4)?

The Sub Registrar Office that covers Paavanar Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, thus impacting the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Paavanar Street (Ward -4)?

The current guideline value of Paavanar Street (Ward -4) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What are the other streets in Ninna Karai with their guideline values?

Other streets in Ninna Karai include Paavendar Nagar at Rs 1,980 per sq.ft, Paavendar Steet (Ward -6) at Rs 1,980 per sq.ft, and Ottakoothar Street (Ward -6) at Rs 1,321 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Paavanar Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 17,60,000, the total stamp duty and registration fees would amount to Rs 1,58,400.

Which office handles property registrations for Paavanar Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Paavanar Street (Ward -4), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.