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 Vallancheri village and falls under the Chengleput Joint II SRO, classified as 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. The earliest recorded figure is from 2012, which was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 1,000 per sq.ft, and most recently, in 2024, it rose to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 825 per sq.ft, placing Pajanaikoil Street Potheri's 2024 figure above this median.

• Padma Nagar (Ward -1): Rs 1,650 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 1,650 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 of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Vallancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling a property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying for a property and to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Pajanaikoil Street Potheri?

The current guideline value of 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 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Pajanaikoil Street Potheri?

Pajanaikoil Street Potheri is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Pajanaikoil Street Potheri?

The Chengleput Joint II Sub Registrar Office handles property registrations for Pajanaikoil Street Potheri, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.