Guideline Value for PANDIYAR NAGAR JOINT

Pandiyar Nagar Joint guideline value

The current guideline value of Pandiyar Nagar Joint is Rs 805 per sq.ft, effective from 1 July 2024. This area is located in Paleripattu village under the Avadi SRO and is classified as Residential Class I Type - III.

How the guideline value of Pandiyar Nagar Joint has changed

The guideline value for Pandiyar Nagar Joint has seen significant changes over the years. In the 2012 revision, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. However, from 2017 to 2023, the value surged to Rs 800 per sq.ft, marking an increase of 298%. The 2024 revision set the value at Rs 805 per sq.ft, reflecting a 1% increase from the previous year.

It's important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 168%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO with a 2024 guideline value range from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, positioning Pandiyar Nagar Joint below this median.

• Pandiyan Nagar Joint: Rs 990 per sq.ft (2024)
• Pandiyan Nagar: Rs 990 per sq.ft (2024)
• Pandit Nehru St: Rs 990 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 Pandiyar Nagar Joint

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total fees to Rs 72,450. 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 further calculations.

Which Sub Registrar Office covers Pandiyar Nagar Joint?

The Sub Registrar Office that covers Pandiyar 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 is a critical factor in property transactions in Paleripattu. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly in the public registry, thereby providing legal recognition to the ownership of the property.

Frequently asked questions

What is the current guideline value of Pandiyar Nagar Joint?

The current guideline value of Pandiyar Nagar Joint is Rs 805 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2012 to Rs 805 per sq.ft in 2024, reflecting a total increase of 168% over this period.

What is the stamp duty on property in Pandiyar Nagar Joint?

The stamp duty on property in Pandiyar Nagar Joint is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pandiyar Nagar Joint?

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

What are the guideline values of other streets in Paleripattu?

Other streets in Paleripattu have a 2024 guideline value of Rs 990 per sq.ft. These include Pandiyan Nagar, Pandit Nehru St, Parameswari St, Pallikooda St, and Pallavan Nagar Main Road.