Guideline Value for PANDIAN NAGAR

Pandian Nagar guideline value

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

How the guideline value of Pandian Nagar has changed

The guideline value of Pandian Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 247 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2007, marking a 305% rise. Following this, the value surged to Rs 3,000 per sq.ft in 2012, reflecting a 200% increase. However, in 2017, the value decreased to Rs 2,010 per sq.ft, showing a decline of 33%. The guideline value then saw a substantial increase to Rs 3,000 per sq.ft in 2023, which was a 49% rise. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there is no recorded figure for Pandian Nagar in the 2002 revision. Overall, from the 2003 figure to the 2024 figure, there has been a remarkable increase of 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 the area is Rs 2,200 per sq.ft, placing Pandian Nagar's 2024 figure above this median.

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

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 cost for these 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandian Nagar?

The Sub Registrar Office that covers Pandian Nagar 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

When buying or selling property in Enjambakkam, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the fees are calculated based on the established values.

Both buyers and sellers should be aware that the guideline value can influence the transaction price, as it reflects the official valuation of the property. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Pandian Nagar?

The current guideline value of Pandian Nagar 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 from Rs 247 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1236% across the years.

What are the stamp duty and registration fees for properties in Pandian Nagar?

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?

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

What is the land classification of Pandian Nagar?

Pandian Nagar is classified as Residential Class I Type - II, indicating its designation for residential use within the area.