Guideline Value for PACHAIYAMMAN NAGAR

Pachaiyamman Nagar guideline value

The current guideline value of Pachaiyamman Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area 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 has changed

The guideline value for Pachaiyamman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft. In 2023, this figure increased to Rs 800 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 880 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures 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, with a median value of Rs 550 per sq.ft. The guideline value for Pachaiyamman Nagar is above this median.

• Pachaiyamman Nagar Main Road: 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

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?

Pachaiyamman Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

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

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

Frequently asked questions

What is the current guideline value of Pachaiyamman Nagar?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking a total increase of 64% over the years.

What are the other streets in Minjur and their guideline values?

Other streets in Minjur under the Ponneri SRO include Pachaiyamman Nagar Main Road at Rs 880 per sq.ft, and several streets like Pachaiyamman Kovil Road, Om Shakthi Nagar, North Street, Pappa Palayam, and New Padmavathy City, all at Rs 550 per sq.ft.

What are the stamp duty and registration fees for a property in Pachaiyamman Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, making the total fees Rs 79,200.

Which office handles registrations for Pachaiyamman Nagar?

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