Guideline Value for PANDURANGAN NAGAR

Pandurangan Nagar guideline value

The current guideline value of Pandurangan Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kerukampakkam village and falls under the Oothukkottai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Pandurangan Nagar has changed

The guideline value for Pandurangan Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 75 per sq.ft, which was revised to Rs 50 per sq.ft in 2017. Following this, the value increased to Rs 100 per sq.ft in 2023, and it remained the same in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 100%. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Kerukampakkam

In Kerukampakkam, there are eight streets under the Oothukkottai SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The guideline value for Pandurangan Nagar aligns with the median value of Rs 100 per sq.ft for this village.

• M.R. Nagar: Rs 100 per sq.ft (2024)
• Rojar Garden: Rs 100 per sq.ft (2024)
• Saraswathi Nagar: Rs 100 per sq.ft (2024)
• S.V. Nagar: Rs 100 per sq.ft (2024)
• Golden Dass Nagar-Phase-2: Rs 100 per sq.ft (2024)
• Fruit Garden: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Pandurangan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty charged at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandurangan Nagar?

The Sub Registrar Office that covers Pandurangan Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kerukampakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during property transactions.

When registering a property, the guideline value serves as a benchmark for calculating the fees, which are based on this value or the sale price, whichever is higher. Understanding the guideline value helps in making informed decisions during real estate transactions.

Frequently asked questions

What is the current guideline value of Pandurangan Nagar?

The current guideline value of Pandurangan Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and remains the same in 2024.

What is the land classification for Pandurangan Nagar?

The land classification for Pandurangan Nagar is Residential Class I Type - I.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 9,000.