Guideline Value for PANDIAN STREET (WARD -5)

Pandian Street (Ward -5) guideline value

The current guideline value of Pandian Street (Ward -5) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Pandian Street (Ward -5) has changed

Over the years, the guideline value of Pandian Street (Ward -5) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value remained the same at Rs 1,200 per sq.ft in 2023 before increasing by 10% to Rs 1,321 per sq.ft in the 2024 revision.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, which means that the 2024 guideline value of Pandian Street (Ward -5) is above the median.

• Pandidurai Devar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pambaikal Street (Per): Rs 660 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 660 per sq.ft (2024)
• Parimezhagar Street (Ward -6): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, making the total fees together Rs 1,18,890. It is important to note that the 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 more detailed calculations.

Which Sub Registrar Office covers Pandian Street (Ward -5)?

The Sub Registrar Office that covers Pandian Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ninna Karai. It serves as the minimum value upon which stamp duty and registration fees are calculated during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the buyer is required to pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pandian Street (Ward -5)?

The current guideline value of Pandian Street (Ward -5) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, reflecting a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing an overall increase of 10% from 2012 to 2024.

What are the stamp duty and registration fees for properties in Pandian Street (Ward -5)?

For a 1,000 sq.ft property valued at Rs 1,321 per sq.ft, the total guideline value is Rs 13,21,000. The stamp duty would be Rs 92,470, and the registration fee would be Rs 26,420, totaling Rs 1,18,890.

Which office handles registrations for Pandian Street (Ward -5)?

The Chengleput Joint II Sub Registrar Office handles registrations for Pandian Street (Ward -5), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Pandian Street (Ward -5)?

The land classification for Pandian Street (Ward -5) is Residential Special Type - V, indicating its designated use for residential purposes.