Guideline Value for PANDIYAN NAGAR

Pandiyan Nagar guideline value

The current guideline value of Pandiyan Nagar, located in Paleripattu village under the Avadi SRO, is Rs 990 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Pandiyan Nagar has changed

Looking at the historical revisions, the guideline value for Pandiyan Nagar was Rs 900 per sq.ft in 2023, which increased to Rs 990 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 603 per sq.ft, reflecting a significant increase of +49% to reach the 2023 figure. The register has no figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017, a change of -33%. Overall, from 2012 to 2024, the guideline value has increased by +10%, settling at the current rate of Rs 990 per sq.ft.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets listed under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value across these streets is Rs 990 per sq.ft, which is equal to the current value of Pandiyan Nagar.

• Pandiyan Nagar Joint: 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

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 at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that 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 details.

Which Sub Registrar Office covers Pandiyan Nagar?

The Sub Registrar Office that covers Pandiyan Nagar 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 is a critical factor in property transactions in Paleripattu, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

During the registration process, the guideline value is compared to the sale price of the property. The higher of the two values is used to calculate the applicable fees, which helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Pandiyan Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, a change of +10%. The value was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012.

What is the land classification for Pandiyan Nagar?

Pandiyan Nagar falls under the Residential Class II Type - I land classification, which is indicative of its intended use for residential purposes.

Where can I find the registration office for Pandiyan Nagar?

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000, leading to a stamp duty of Rs 69,300.