Guideline Value for PAJANAIKOIL STREET POTHERI (WARD-20)

Pajanaikoil Street Potheri (Ward-20) guideline value

The current guideline value of Pajanaikoil Street Potheri (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pajanaikoil Street Potheri (Ward-20) has changed

The guideline value for Pajanaikoil Street Potheri has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This value remained unchanged in the 2017 revision, where it dropped to Rs 670 per sq.ft. However, by the 2023 revision, it increased significantly to Rs 1,000 per sq.ft. The most recent 2024 revision has further raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions indicate a 49% increase from 2017 to 2023, while the overall change from 2012 to 2024 is a 10% increase. It is important to note that there are no figures available for Pajanaikoil Street in the revisions for the years 2002, 2003, and 2007.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in the village is Rs 770 per sq.ft, placing Pajanaikoil Street's 2024 figure above this median.

• Padma Nagar (Ward -1): Rs 1,651 per sq.ft (2024)
• Pandiyan Nagar (Val): Rs 880 per sq.ft (2024)
• Parasakthi Street (Ward-20): Rs 880 per sq.ft (2024)
• Ottakoothar Street (Ward-20): Rs 880 per sq.ft (2024)
• Periyar Street (Ward-20): Rs 770 per sq.ft (2024)
• Perumal Koil Street (Ward-20): Rs 1,651 per sq.ft (2024)

Stamp duty and registration fee for property in Pajanaikoil Street Potheri (Ward-20)

For a 1,000 sq.ft plot at the current guideline value, 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pajanaikoil Street Potheri (Ward-20)?

The Sub Registrar Office that covers Pajanaikoil Street Potheri (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Potheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the required duties. This ensures that the fees reflect the actual value of the property being transacted.

Frequently asked questions

What is the current guideline value for Pajanaikoil Street Potheri (Ward-20)?

The current guideline value for Pajanaikoil Street Potheri (Ward-20) 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, an increase of 10%. From 2017 to 2023, it increased by 49% from Rs 670 per sq.ft to Rs 1,000 per sq.ft.

What is the median guideline value in Potheri village?

The median guideline value in Potheri village for 2024 is Rs 770 per sq.ft. Pajanaikoil Street's guideline value is above this median.

What are the registration fees associated with buying property in Pajanaikoil Street Potheri?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.

Which office handles registrations for Pajanaikoil Street Potheri?

The Chengleput Joint II Sub Registrar Office handles registrations for Pajanaikoil Street Potheri (Ward-20). Its address is 10, Kancheepuram Main Road, Chengalpattu 603 002.