Guideline Value for PANDIAN STREET NORTHERN SIDE OF FIFTH MAIN ROAD

Pandian Street Northern Side Of Fifth Main Road guideline value

The current guideline value of Pandian Street Northern Side Of Fifth Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pandian Street Northern Side Of Fifth Main Road has changed

The guideline value for Pandian Street Northern Side Of Fifth Main Road has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 697 per sq.ft. This increased to Rs 773 per sq.ft in 2003, marking an increase of 11%. The value then rose by 29% to Rs 1,000 per sq.ft in 2007. Following this, there was a significant increase of 500%, bringing the value to Rs 6,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 4,020 per sq.ft in 2017. The 2023 revision saw the value increase to Rs 6,000 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 6,600 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 847%. There are no figures available for the revisions in the years not listed above for this street.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the current guideline value of Pandian Street Northern Side Of Fifth Main Road.

• Panneerselavm Nagar: Rs 6,600 per sq.ft (2024)
• Palmore Street: Rs 4,400 per sq.ft (2024)
• Patel Street: Rs 8,800 per sq.ft (2024)
• Padavattamman Koil Street (West): Rs 4,400 per sq.ft (2024)
• Padavattamman Koil Street: Rs 4,400 per sq.ft (2024)
• Ottakuthar Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Street Northern Side Of Fifth Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees together Rs 5,94,000. 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 Street Northern Side Of Fifth Main Road?

Pandian Street Northern Side Of Fifth Main Road is covered by the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Pandian Street Northern Side Of Fifth Main Road?

The current guideline value of Pandian Street Northern Side Of Fifth Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 697 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 847% over the years.

What is the stamp duty for property in Pandian Street Northern Side Of Fifth Main Road?

The stamp duty for property in Pandian Street Northern Side Of Fifth Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pandian Street Northern Side Of Fifth Main Road located?

The Sub Registrar Office for Pandian Street Northern Side Of Fifth Main Road is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Pandian Street Northern Side Of Fifth Main Road?

The land classification for Pandian Street Northern Side Of Fifth Main Road is Residential Class II Type - I.