Guideline Value for PANDIYAN ST

Pandiyan St guideline value

The current guideline value of Pandiyan St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from the 2024 revision. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Pandiyan St has changed

The guideline value for Pandiyan St has seen several revisions over the years. In 2012, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 850 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 935 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current value of Pandiyan St.

• Pandit Nehur St: Rs 800 per sq.ft (2024)
• Pandit Nehru Lane: Rs 800 per sq.ft (2024)
• Patel St: Rs 935 per sq.ft (2024)
• Patel St (West): Rs 935 per sq.ft (2024)
• Padmanaban St: Rs 935 per sq.ft (2024)
• O.P.Raman St: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, together totaling Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pandiyan St?

The Sub Registrar Office that covers Pandiyan St 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 Vilingiyambakkam

The guideline value is a crucial factor in property transactions in Vilingiyambakkam. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value helps determine the financial obligations involved in the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies or issues during the registration process.

Frequently asked questions

What is the current guideline value of Pandiyan St?

The current guideline value of Pandiyan St is Rs 935 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Pandiyan St?

Pandiyan St is classified as Residential Class II Type - II according to the guideline value register.

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 the stamp duty calculated for properties in Pandiyan St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 65,450.