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 1,321 per sq.ft. 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 Pandidurai Devar Street (Ward -4) has changed

The guideline value for Pandidurai Devar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The value increased to Rs 1,200 per sq.ft in the 2023 revision, and the most recent revision in 2024 has raised it to Rs 1,321 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2017 revision to 2023, the guideline value rose by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, placing Pandidurai Devar Street's 2024 figure above that median.

• Pandian Street (Ward -5): 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 Pandidurai Devar Street (Ward -4)

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, bringing the total to Rs 1,18,890. 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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

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 1,321 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 various fluctuations over the years.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Pandian Street (Ward -5) at Rs 1,321 per sq.ft, Panankottur (Ward -15) at Rs 440 per sq.ft, and Pammal K. Sampanthar Salai (Ward -8) at Rs 1,760 per sq.ft, among others.

What is the registration fee for properties in Pandidurai Devar Street (Ward -4)?

The registration fee is calculated based on the guideline value. For a property valued at Rs 13,21,000, the registration fee would be Rs 26,420, in addition to the stamp duty of Rs 92,470.

Where can I find the Sub Registrar Office for Pandidurai Devar Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office covers Pandidurai Devar Street (Ward -4) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.