Guideline Value for PANDIAN NAGAR 1st STREET

PANDIAN NAGAR 1st STREET guideline value

The current guideline value of PANDIAN NAGAR 1st STREET in Enjambakkam village, under the Neelankarai SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - II land classification.

How the guideline value of PANDIAN NAGAR 1st STREET has changed

The guideline value for PANDIAN NAGAR 1st STREET has seen significant changes over the years. In 2003, the value was Rs 247 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 305%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a 200% increase. However, it experienced a decline of 33% to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased by 10% to the current value of Rs 3,300 per sq.ft in 2024.

It is important to note that the register has no figure for PANDIAN NAGAR 1st STREET in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1236%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing PANDIAN NAGAR 1st STREET's 2024 figure above this median.

• PANDIAN NAGAR 2nd STREET: Rs 3,300 per sq.ft (2024)
• Pandian Nagar: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 3rd STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 4th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 5th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 6th STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in PANDIAN NAGAR 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 PANDIAN NAGAR 1st STREET?

The Sub Registrar Office covering PANDIAN NAGAR 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in assessing the fair value of the property, which is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of PANDIAN NAGAR 1st STREET?

The current guideline value of PANDIAN NAGAR 1st STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 247 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, with various increases and decreases across different revisions.

What are the stamp duty and registration fees for property in PANDIAN NAGAR 1st STREET?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for PANDIAN NAGAR 1st STREET?

The Neelankarai Sub Registrar Office handles registrations for PANDIAN NAGAR 1st STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, with PANDIAN NAGAR 1st STREET's value being above this median.