Guideline Value for PAMBAIKAL STREET (PER)

Pambaikal Street (Per) guideline value

The current guideline value for Pambaikal Street (Per) in Panangottur village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Pambaikal Street (Per) has changed

The guideline value for Pambaikal Street (Per) has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, reflecting a decrease of 33%. The value increased to Rs 600 per sq.ft in 2023, marking a significant rise of 49% from the previous revision. The latest revision in 2024 has set the guideline value at Rs 660 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Pambaikal Street (Per). Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Pambaikal Street (Per) below this median.

• Pambaikaal Street (Ward -15): Rs 440 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)
• Pandian Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pambaikal Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, resulting in Rs 46,200, while the registration fee at 2% amounts to Rs 13,200. Together, the total cost for these fees is Rs 59,400. 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 Pambaikal Street (Per)?

The Sub Registrar Office that covers Pambaikal Street (Per) 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 further assistance.

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

The guideline value is an essential factor during the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable duties and fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Pambaikal Street (Per)?

The current guideline value of Pambaikal Street (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Pambaikal Street (Per)?

Pambaikal Street (Per) is classified as Residential Class I Type - III, indicating its suitability for residential development.

Which office handles registrations for Pambaikal Street (Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for Pambaikal Street (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 6,60,000, leading to specific fees based on this value.