Guideline Value for PANDURANGAPURAM PHASE-II

Pandurangapuram Phase-II guideline value

The current guideline value of Pandurangapuram Phase-II is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Pavoonchoor village, under the Cheyyur Sub Registrar Office (SRO). The land classification for this locality is Residential Special Type - I.

How the guideline value of Pandurangapuram Phase-II has changed

The guideline value for Pandurangapuram Phase-II has seen several revisions over the years. The register shows that in 2017, the value was Rs 134 per sq.ft. This figure remained unchanged at Rs 200 per sq.ft during the 2023 revision and continues to be Rs 200 per sq.ft in the 2024 revision, reflecting a 49% increase from the 2017 figure to the 2023 figure. The 2024 revision shows no change from the previous year.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, the guideline value has increased by 49% from 2017 to 2024.

Guideline values in Pavoonchoor

In Pavoonchoor, there are four streets under the Cheyyur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 250 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is the same as the guideline value for Pandurangapuram Phase-II.

• Siva Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Venkata Nagar: Rs 200 per sq.ft (2024)
• Garden City: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Pandurangapuram Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandurangapuram Phase-II?

The Sub Registrar Office that covers Pandurangapuram Phase-II is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pavoonchoor. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Pandurangapuram Phase-II?

The current guideline value of Pandurangapuram Phase-II is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the median guideline value in Pavoonchoor?

The median guideline value in Pavoonchoor for 2024 is Rs 200 per sq.ft, which is the same as the guideline value for Pandurangapuram Phase-II.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would amount to Rs 18,000.