Guideline Value for PANANTHOPU RAILWAY ROAD

Pananthopu Railway Road guideline value

The current guideline value of Pananthopu Railway Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Pananthopu Railway Road has changed

The guideline value for Pananthopu Railway Road has seen several revisions over the years. In 2003, the value was Rs 550 per sq.ft, which increased to Rs 700 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 2,000 per sq.ft, but it then decreased to Rs 1,340 per sq.ft in 2017. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2003 to 2024, the overall increase in guideline value is 300%. Notably, the jump from 2023 to 2024 reflects a 10% increase, while the rise from 2017 to 2023 was 49%. The 2012 to 2017 period experienced a decrease of 33%, while the 2007 to 2012 revision marked a substantial increase of 186%. The increase from 2003 to 2007 was 27%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Pananthopu Railway Road is below this median.

• Pannerselvam Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 1st Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 2nd Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 3rd Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 4th Street: Rs 2,700 per sq.ft (2024)
• Paptist Church Road: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pananthopu Railway Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pananthopu Railway Road?

The Sub Registrar Office that covers Pananthopu Railway Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Perambur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value serves as a benchmark for the government to assess the value of the property, ensuring that the correct taxes are applied during the registration process.

When a buyer or seller engages in a transaction, the guideline value helps establish the minimum value of the property for legal and tax purposes. This ensures that both parties are aware of the financial implications of the sale, including the costs associated with registration and stamp duty.

Frequently asked questions

What is the current guideline value of Pananthopu Railway Road?

The current guideline value of Pananthopu Railway Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 300% over this period.

What are the stamp duty and registration fees for property in Pananthopu Railway Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,98,000.

Which Sub Registrar Office covers the area of Pananthopu Railway Road?

The Purasaivakkam Sub Registrar Office covers Pananthopu Railway Road, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Pananthopu Railway Road?

Pananthopu Railway Road is classified as Residential Class IV Type - I under the guideline value system.