Guideline Value for PACHIYAMMAN NAGAR

Pachiyamman Nagar guideline value

The current guideline value of Pachiyamman Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Irumbedu village under the Cheyyur SRO, with a land classification of Mixed Type - I.

How the guideline value of Pachiyamman Nagar has changed

The guideline value for Pachiyamman Nagar has undergone several revisions over the years. The current rate of Rs 150 per sq.ft has remained unchanged since the 2023 revision, which also set the rate at Rs 150 per sq.ft. Prior to this, the 2017 revision recorded a guideline value of Rs 100 per sq.ft, marking a 50% increase from 2017 to 2023. The 2012 revision also set the rate at Rs 150 per sq.ft, which represented a decrease of 33% from the previous revision in 2017.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has not changed, remaining at Rs 150 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Irumbedu

There are no specific village figures provided for Irumbedu. Currently, Pachiyamman Nagar is the only street listed under the Cheyyur SRO with a guideline value of Rs 150 per sq.ft for 2024.

Stamp duty and registration fee for property in Pachiyamman Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000. Together, the total fees would be Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pachiyamman Nagar?

The Sub Registrar Office that covers Pachiyamman Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Irumbedu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to ensure compliance with local registration regulations, as the stamp duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Pachiyamman Nagar?

The current guideline value of Pachiyamman Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2012, with a previous rate of Rs 100 per sq.ft in 2017. The 2023 revision also maintained the value at Rs 150 per sq.ft.

What is the registration office for Pachiyamman Nagar?

The registration office for Pachiyamman Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pachiyamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,50,000 would incur a stamp duty of Rs 10,500.

Are there other streets in Irumbedu with guideline values?

Currently, there are no other streets in Irumbedu listed under the Cheyyur SRO with guideline values provided.