Guideline Value for PANDIYAN NAGAR (VAL)

Pandiyan Nagar (Val) guideline value

The current guideline value of Pandiyan Nagar (Val), located in Potheri village under the Chengleput Joint II SRO, is Rs 880 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Pandiyan Nagar (Val) has changed

The guideline value for Pandiyan Nagar (Val) has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, followed by a further increase to Rs 880 per sq.ft in the 2024 revision, marking a change of +10% from the previous year.

From the 2017 revision to 2023, the value rose by +49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing the 2024 figure for Pandiyan Nagar (Val) above the median.

• Parasakthi Street (Ward-20): Rs 880 per sq.ft (2024)
• Pajanaikoil Street Potheri (Ward-20): Rs 1,100 per sq.ft (2024)
• Padma Nagar (Ward -1): Rs 1,651 per sq.ft (2024)
• Periyar Street (Ward-20): Rs 770 per sq.ft (2024)
• Perumal Koil Street (Ward-20): Rs 1,651 per sq.ft (2024)
• Ottakoothar Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan Nagar (Val)

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total cost for these fees would be Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandiyan Nagar (Val)?

The Chengleput Joint II Sub Registrar Office covers Pandiyan Nagar (Val). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Potheri, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure that the transaction complies with legal requirements.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These costs are essential for completing the registration process and must be factored into the overall expenses of the transaction.

Frequently asked questions

What is the current guideline value of Pandiyan Nagar (Val)?

The current guideline value of Pandiyan Nagar (Val) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Pandiyan Nagar (Val)?

Pandiyan Nagar (Val) is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property in Pandiyan Nagar (Val)?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.