Guideline Value for PACHAIYAMMAN NAGAR MAIN ROAD

Pachaiyamman Nagar Main Road guideline value

The current guideline value of Pachaiyamman Nagar Main Road is Rs 880 per sq.ft, effective from 1 July 2024. This road is located in Minjur village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pachaiyamman Nagar Main Road has changed

The guideline value for Pachaiyamman Nagar Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 880 per sq.ft, an increase from Rs 800 per sq.ft in the 2023 revision. This change reflects a 10% rise. Looking further back, the 2017 revision recorded a value of Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Pachaiyamman Nagar Main Road's 2024 guideline value above the median.

• Pachaiyamman Nagar: Rs 880 per sq.ft (2024)
• Pachaiyamman Kovil Road: Rs 550 per sq.ft (2024)
• Om Shakthi Nagar: Rs 550 per sq.ft (2024)
• North Street: Rs 550 per sq.ft (2024)
• Pappa Palayam: Rs 550 per sq.ft (2024)
• New Padmavathy City: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiyamman Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 Pachaiyamman Nagar Main Road?

The Sub Registrar Office that covers Pachaiyamman Nagar Main Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pachaiyamman Nagar Main Road?

The current guideline value of Pachaiyamman Nagar Main Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value for streets in Minjur?

The median guideline value for the 179 streets in Minjur under the Ponneri SRO is Rs 550 per sq.ft, with Pachaiyamman Nagar Main Road's value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find the Sub Registrar Office for Pachaiyamman Nagar Main Road?

The Sub Registrar Office for Pachaiyamman Nagar Main Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.