Guideline Value for PANGU MEDU

Pangu Medu guideline value

The current guideline value of Pangu Medu, located in Matthur village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Pangu Medu has changed

The guideline value for Pangu Medu has seen several revisions over the years. Starting from Rs 59 per sq.ft in 2002, it increased to Rs 70 per sq.ft in 2003, marking a 19% rise. The value then rose to Rs 100 per sq.ft in 2007, which was a significant increase of 43%. Following this, the value surged to Rs 1,000 per sq.ft in 2012, reflecting a remarkable 900% increase. However, it decreased to Rs 670 per sq.ft in 2017, a drop of 33%.

From 2017 to 2023, the guideline value increased by 49% to reach Rs 1,000 per sq.ft. The most recent revision in 2024 has further raised the value to Rs 1,100 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,764%.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current value for Pangu Medu.

• Pada Salai Road: Rs 1,100 per sq.ft (2024)
• Om Sakthi Kaligambal Co-Operative Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Om Sakthi Kaligambal Co-Operative Nagar: Rs 2,200 per sq.ft (2024)
• Omakula Street: Rs 1,100 per sq.ft (2024)
• Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Pillayar Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pangu Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to 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 details.

Which Sub Registrar Office covers Pangu Medu?

The Sub Registrar Office that covers Pangu Medu is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Matthur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. These fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Matthur.

Frequently asked questions

What is the current guideline value of Pangu Medu?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 59 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing a significant overall increase of 1,764% over the years.

What is the land classification for Pangu Medu?

The land classification for Pangu Medu is Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Pangu Medu?

The Sub Registrar Office for Pangu Medu is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 guideline value, the total fees would amount to Rs 99,000.