Guideline Value for PACHYAPPAN NAGAR

Pachyappan Nagar guideline value

The current guideline value of Pachyappan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village, under the Thiruporur SRO, and is classified as Mixed Type - II land.

How the guideline value of Pachyappan Nagar has changed

Over the years, the guideline value for Pachyappan Nagar has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 1,000 per sq.ft from the 2023 revision and Rs 1,100 per sq.ft from the 2024 revision, reflecting a change of +10% from the previous year.

In the 2023 revision, the guideline value was Rs 1,000 per sq.ft. The increase to Rs 1,100 per sq.ft in 2024 marks a significant adjustment, aligning with the overall trend in the area.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,275 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, placing Pachyappan Nagar's 2024 figure below that median.

• Palm Avenue: Rs 1,100 per sq.ft (2024)
• Sri Agathiyar Avenue: Rs 770 per sq.ft (2024)
• Jothi Nagar: Rs 1,650 per sq.ft (2024)
• Janani's Kandhan Kottam Phase II: Rs 1,980 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,100 per sq.ft (2024)
• Sunshine Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pachyappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachyappan Nagar?

The Sub Registrar Office that covers Pachyappan Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Thandalam, this value is used to calculate stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Pachyappan Nagar?

The current guideline value of Pachyappan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Pachyappan Nagar?

Pachyappan Nagar is classified as Mixed Type - II land. This classification can affect the types of developments that can occur in the area.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles property registrations for the area.

How is stamp duty calculated for properties in Pachyappan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.