Guideline Value for PANDIDURAI DEVAR STREET (WARD -4)

Pandidurai Devar Street (Ward -4) guideline value

The current guideline value of Pandidurai Devar Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur 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 Pandidurai Devar Street (Ward -4) has changed

The guideline value of Pandidurai Devar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 1,200 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 804 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, followed by the current figure of Rs 1,320 per sq.ft in 2024, representing a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2023 revision marked a notable increase of 49% from the 2017 figure. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Pandidurai Devar Street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Pandidurai Devar Street's 2024 figure above this median.

• Pandian Street (Ward -5): Rs 1,320 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 440 per sq.ft (2024)
• Parimezhagar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pandidurai Devar Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, these fees would total Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pandidurai Devar Street (Ward -4)?

The Sub Registrar Office that covers Pandidurai Devar Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value must be considered as it affects the total cost of the transaction. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can significantly impact their financial planning.

Frequently asked questions

What is the current guideline value of Pandidurai Devar Street (Ward -4)?

The current guideline value of Pandidurai Devar Street (Ward -4) is Rs 1,320 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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Pandidurai Devar Street?

The land classification for Pandidurai Devar Street (Ward -4) is Residential Special Type - V.

What are the registration fees for properties in this area?

For a property valued at the current guideline value of Rs 1,320 per sq.ft, the total registration fees would include a stamp duty of 7% and a registration fee of 2%, totaling Rs 1,18,800 for a 1,000 sq.ft plot.

Where can I find the Sub Registrar Office for Pandidurai Devar Street?

The Sub Registrar Office for Pandidurai Devar Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.