Guideline Value for PAKKAM CITY

Pakkam City guideline value

The current guideline value of Pakkam City is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Alathur village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Pakkam City has changed

The guideline value for Pakkam City has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, and it increased to Rs 330 per sq.ft in the 2024 revision, marking a change of +10%.

As of the 2024 revision, the guideline value of Rs 330 per sq.ft is equal to the median value of other streets in Alathur under the Avadi SRO, which range from Rs 330 to Rs 420 per sq.ft.

Guideline values in Alathur

In Alathur village, there are seven streets under the Avadi SRO that carry a 2024 guideline value. The guideline value for Pakkam City is Rs 330 per sq.ft, which is the same as the median value for the area.

• Pakkam City Phase I: Rs 330 per sq.ft (2024)
• Rajeswari Garden: Rs 420 per sq.ft (2024)
• Main City: Rs 330 per sq.ft (2024)
• Chaithanya Avenue Phase II: Rs 330 per sq.ft (2024)
• Chaithanya Avenue Phase I: Rs 330 per sq.ft (2024)
• Chaithanya Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Pakkam City

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Pakkam City?

The Sub Registrar Office that covers Pakkam City is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Alathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Pakkam City?

The current guideline value of Pakkam City is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pakkam City was Rs 300 per sq.ft in 2023 and increased to Rs 330 per sq.ft in 2024, marking a change of +10%. There are no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for property in Pakkam City?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 3,30,000. The stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Pakkam City?

The Avadi Sub Registrar Office covers Pakkam City, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value used during property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for calculating the applicable duties and ensures that the government receives the correct revenue based on the property's assessed value.