Guideline Value for PANDURANGAPURAM 6TH STREET

Pandurangapuram 6th Street guideline value

The current guideline value of Pandurangapuram 6th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Pandurangapuram 6th Street has changed

Looking at the revisions, the guideline value for Pandurangapuram 6th Street has seen several changes over the years. The 2012 revision recorded a value of Rs 2,700 per sq.ft, which then decreased to Rs 1,809 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 2,700 per sq.ft in 2023, and then to Rs 2,800 per sq.ft in 2024, marking a 4% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the value from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 4%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median guideline value in this area is Rs 3,800 per sq.ft, placing Pandurangapuram 6th Street's current value below that median.

• Pandurangapuram: Rs 2,800 per sq.ft (2024)
• Pancharathna Flats: Rs 8,200 per sq.ft (2024)
• Park Road: Rs 9,700 per sq.ft (2024)
• PASUMPON DEVAR NAGAR 'AMBEDKAR STREET' (Kovil Land): Rs 2,500 per sq.ft (2024)
• PASUMPON DEVAR NAGAR 'AMMAN KOIL STREET' (Kovil Land): Rs 2,500 per sq.ft (2024)
• PASUMPON DEVAR NAGAR 'ANNA 1ST STREET' (Kovil Land): Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pandurangapuram 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pandurangapuram 6th Street?

The Sub Registrar Office that covers Pandurangapuram 6th Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Padi, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is important to note that the guideline value may differ from the actual sale price. In such cases, the duty is charged on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pandurangapuram 6th Street?

The current guideline value of Pandurangapuram 6th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, marking a 4% increase. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for Pandurangapuram 6th Street?

The land classification for Pandurangapuram 6th Street is Residential Class IV Type - III. This classification is important for determining the usage and regulations applicable to the property.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator, which provides detailed calculations based on the guideline value and sale price.

Which Sub Registrar Office covers Padi village?

The Villivakkam Sub Registrar Office covers Padi village, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office handles all registrations for properties in the area.