Guideline Value for PAJANAI KOIL STREET (WARD -18)

Pajanai Koil Street (Ward -18) guideline value

The current guideline value of Pajanai Koil Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pajanai Koil Street (Ward -18) has changed

The guideline value for Pajanai Koil Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease in 2017, where the value dropped to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 600 per sq.ft. In the most recent revision in 2024, the guideline value increased by 10% to Rs 660 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Pajanai Koil Street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, indicating that Pajanai Koil Street's 2024 figure is below this median.

• Pakthavasalam Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Palla Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Palla Street (Ward -2): Rs 660 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 660 per sq.ft (2024)
• Pambaikal Street (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Pajanai Koil Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200. Together, these fees would total Rs 59,400. It is important to note that 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Pajanai Koil Street (Ward -18)?

Pajanai Koil Street (Ward -18) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Ninna Karai. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is the baseline for these calculations.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Pajanai Koil Street (Ward -18)?

The current guideline value of Pajanai Koil Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pajanai Koil Street has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with notable changes occurring in 2017 and 2023.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Pajanai Koil Street (Ward -18)?

The Chengleput Joint II Sub Registrar Office handles registrations for Pajanai Koil Street (Ward -18), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Ninna Karai village?

The median guideline value in Ninna Karai village is Rs 1,100 per sq.ft, while Pajanai Koil Street's 2024 figure is below this median.