Guideline Value for PANDIAN NAGAR 3rd STREET

PANDIAN NAGAR 3rd STREET guideline value

The current guideline value of PANDIAN NAGAR 3rd STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of PANDIAN NAGAR 3rd STREET has changed

The guideline value for PANDIAN NAGAR 3rd STREET has seen significant changes over the years. The earliest recorded figure is from 2003, which was Rs 247 per sq.ft. This value increased to Rs 1,000 per sq.ft in 2007, marking a substantial rise of 305%. In 2012, the value was Rs 3,000 per sq.ft, reflecting a 200% increase from the previous revision. However, in 2017, it dropped to Rs 2,010 per sq.ft, a decrease of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and finally reached Rs 3,300 per sq.ft in the 2024 revision, an increase of 10% from the previous year.

There is no recorded figure for the year 2002 for PANDIAN NAGAR 3rd STREET. 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 in this area is Rs 2,200 per sq.ft, which means PANDIAN NAGAR 3rd STREET's 2024 figure is above this median.

• PANDIAN NAGAR 2nd STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 4th STREET: Rs 3,300 per sq.ft (2024)
• PANDIAN NAGAR 1st 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)
• Pandian Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in PANDIAN NAGAR 3rd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers PANDIAN NAGAR 3rd STREET?

The Sub Registrar Office that covers PANDIAN NAGAR 3rd STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value of a property for the purposes of stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives a fair share of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of PANDIAN NAGAR 3rd STREET?

The current guideline value of PANDIAN NAGAR 3rd 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. The highest increase was from 2007 to 2012, where it rose by 200%.

What is the land classification for PANDIAN NAGAR 3rd STREET?

PANDIAN NAGAR 3rd STREET is classified as Residential Class I Type - II according to the current guidelines.

Where can I find the registration office for this area?

The registration office for PANDIAN NAGAR 3rd STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.