Guideline Value for PANDIYAN STREET CHOLAN NAGAR

Pandiyan Street Cholan Nagar guideline value

The current guideline value of Pandiyan Street Cholan Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Pandiyan Street Cholan Nagar has changed

The guideline value for Pandiyan Street Cholan Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, a significant drop of 33%. In 2023, the value increased to Rs 900 per sq.ft, and in the latest revision for 2024, it rose again to Rs 988 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revision figures for 2002, 2003, and 2007 do not have any recorded values for this street.

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 is Rs 988 per sq.ft, which is equal to the 2024 guideline value for Pandiyan Street Cholan Nagar.

• Pandiyan Street Charless 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 Cholan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty, charged at 7%, would be Rs 69,160, while the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. 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 Street Cholan Nagar?

The Sub Registrar Office that covers Pandiyan Street Cholan 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 Thandurai

The guideline value plays a crucial role in property transactions in Thandurai. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is referenced to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

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

The current guideline value of Pandiyan Street Cholan 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 back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which Sub Registrar Office covers this street?

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

How is the guideline value determined for properties in Thandurai?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is updated periodically to reflect changes in the real estate market.