Guideline Value for PAAVENDAR STEET (WARD -6)

Paavendar Steet (Ward -6) guideline value

The current guideline value of Paavendar Steet (Ward -6) is Rs 1,980 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 - II.

How the guideline value of Paavendar Steet (Ward -6) has changed

The guideline value for Paavendar Steet has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. However, this figure increased significantly to Rs 1,800 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. From 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no 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 across these streets is Rs 1,100 per sq.ft, placing Paavendar Steet's 2024 value above this median.

• Paavendar Nagar: Rs 1,980 per sq.ft (2024)
• Paaventhar Street (Ward -5): Rs 1,980 per sq.ft (2024)
• Paavanar Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Paaventhar Street (Ward -7): Rs 1,980 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Paavendar Steet (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% amounts to Rs 1,38,600, and the registration fee at 2% is Rs 39,600, bringing the total cost to Rs 1,78,200. It is important to note that 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 Paavendar Steet (Ward -6)?

The Sub Registrar Office that covers Paavendar Steet (Ward -6) 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 is a crucial factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in standardizing property transactions and provides a clear framework for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Paavendar Steet (Ward -6)?

The current guideline value of Paavendar Steet (Ward -6) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Paavendar Steet (Ward -6)?

Paavendar Steet (Ward -6) is classified as Residential Special Type - II, indicating its suitability for residential purposes.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.