Guideline Value for PANDIAN AVENUE

Pandian Avenue guideline value

The current guideline value of Pandian Avenue is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - III.

How the guideline value of Pandian Avenue has changed

The guideline value for Pandian Avenue has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,650 per sq.ft, which increased significantly to Rs 5,800 per sq.ft in the 2012 revision, reflecting a change of +252%. The value remained unchanged at Rs 5,800 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 6,300 per sq.ft, marking an increase of +9% from the previous year.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by +282%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, making the 2024 guideline value of Pandian Avenue above that median.

• Panduranga Colony: Rs 5,000 per sq.ft (2024)
• Pappathi Ammal Street: Rs 6,300 per sq.ft (2024)
• Palli Salai: Rs 5,300 per sq.ft (2024)
• Parameswari Colony: Rs 5,800 per sq.ft (2024)
• Parangusapuram Street: Rs 7,100 per sq.ft (2024)
• Pari Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. 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 Pandian Avenue?

The Sub Registrar Office that covers Pandian Avenue is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of Pandian Avenue?

The current guideline value of Pandian Avenue is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of +282% over the years.

What is the land classification for Pandian Avenue?

Pandian Avenue is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Pandian Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000 at 7%.