Guideline Value for PACHAIYAMMAN NAGAR

Pachaiyamman Nagar guideline value

The current guideline value of Pachaiyamman Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Pachaiyamman Nagar has changed

The guideline value for Pachaiyamman Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. In 2023, it increased to Rs 700 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 770 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the current guideline value of Pachaiyamman Nagar.

• Om Sakthi Nagar & Streets: Rs 770 per sq.ft (2024)
• Palaniyappa Nagar: Rs 870 per sq.ft (2024)
• Palaru Kinaru Street: Rs 440 per sq.ft (2024)
• Palavedu Road: Rs 770 per sq.ft (2024)
• Palla Karuneegar St: Rs 440 per sq.ft (2024)
• Palla Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pachaiyamman Nagar?

The Sub Registrar Office that covers Pachaiyamman Nagar is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the authorities use the guideline value to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pachaiyamman Nagar?

The current guideline value of Pachaiyamman Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty rates for property in Pachaiyamman Nagar?

The stamp duty for property transactions in Pachaiyamman Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Pachaiyamman Nagar?

The Avadi Sub Registrar Office handles registrations for Pachaiyamman Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Pachaiyamman Nagar?

Pachaiyamman Nagar is classified as Residential Class II Type - III, indicating its suitability for residential development.