Guideline Value for PANDIYAN NAGAR JOINT

Pandiyan Nagar Joint guideline value

The current guideline value of Pandiyan Nagar Joint is Rs 990 per sq.ft, effective from 1 July 2024. This locality is situated in Paleripattu village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Pandiyan Nagar Joint has changed

The guideline value for Pandiyan Nagar Joint has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 900 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 603 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, marking a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the current 2024 figure shows a 10% increase.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with 2024 guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is the same as the 2024 figure for Pandiyan Nagar Joint.

• Pandiyan Nagar: Rs 990 per sq.ft (2024)
• Pandit Nehru St: Rs 990 per sq.ft (2024)
• Pandiyar Nagar Joint: Rs 805 per sq.ft (2024)
• Parameswari St: Rs 990 per sq.ft (2024)
• Pallikooda St: Rs 990 per sq.ft (2024)
• Pallavan Nagar Main Road: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan Nagar Joint

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty, calculated at 7%, amounts to Rs 69,300, while the registration fee at 2% comes to Rs 19,800. Therefore, the total cost for stamp duty and registration fees together would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandiyan Nagar Joint?

The Sub Registrar Office that covers Pandiyan Nagar Joint is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Paleripattu. It serves as the basis for calculating the stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the applicable charges. It is essential for both parties to be aware of the guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Pandiyan Nagar Joint?

The current guideline value of Pandiyan Nagar Joint is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Pandiyan Nagar Joint?

Pandiyan Nagar Joint is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Pandiyan Nagar Joint?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 9,90,000 would incur a stamp duty of Rs 69,300.