Guideline Value for PANDIYAN STREET CHARLESS NAGAR

Pandiyan Street Charless Nagar guideline value

The current guideline value of Pandiyan Street Charless Nagar is Rs 988 per sq.ft. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pandiyan Street Charless Nagar has changed

The guideline value for Pandiyan Street Charless Nagar has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. The value then increased significantly to Rs 900 per sq.ft in 2023, before rising to Rs 988 per sq.ft in the 2024 revision. The changes between these revisions are notable, with a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available revisions are from 2012, 2017, 2023, and 2024.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is equal to the guideline value of Pandiyan Street Charless Nagar.

• Pandiyan Street Cholan Nagar: Rs 988 per sq.ft (2024)
• Pallikooda St: Rs 1,300 per sq.ft (2024)
• Pallikooda 2nd Street (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Pallikooda 1st Street (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Pallavan Street Charless Nagar: Rs 1,300 per sq.ft (2024)
• Pallavan Steet Cholan Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan Street Charless Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760. Together, these fees would total Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandiyan Street Charless Nagar?

The Sub Registrar Office that covers Pandiyan Street Charless 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandurai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pandiyan Street Charless Nagar?

The current guideline value of Pandiyan Street Charless Nagar is Rs 988 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 increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Pandiyan Street Charless Nagar?

The land classification for Pandiyan Street Charless Nagar is Residential Class II Type - I.

Where can I find the registration office for Pandiyan Street Charless Nagar?

The registration office for Pandiyan Street Charless 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 stamp duty calculated for properties in Pandiyan Street Charless Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 69,160 at 7% of the guideline value.