Guideline Value for PANGUNI MEDU

Panguni Medu guideline value

The current guideline value of Panguni Medu, located in Thiruporur village under the Thiruporur SRO, is Rs 495 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Panguni Medu has changed

The guideline value for Panguni Medu has undergone several revisions over the years. In 2007, the value was set at Rs 150 per sq.ft, which increased significantly to Rs 450 per sq.ft in 2012, marking a 200% increase. However, from 2012 to 2017, the value saw a decrease to Rs 301 per sq.ft, a drop of 33%. The value then rose again to Rs 450 per sq.ft in 2023, reflecting a 50% increase. The most recent revision in 2024 has set the value at Rs 495 per sq.ft, a further increase of 10% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Thiruporur

In Thiruporur village, there are 31 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median value is Rs 880 per sq.ft, placing the guideline value of Panguni Medu below this median.

• Padavattamman Koil Street: Rs 495 per sq.ft (2024)
• Old Mamallapuram Salai: Rs 2,205 per sq.ft (2024)
• North Mada Street: Rs 880 per sq.ft (2024)
• Police Line Street: Rs 880 per sq.ft (2024)
• Navidan @ New Street: Rs 880 per sq.ft (2024)
• Narayani Nagar: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Panguni Medu

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value amounts to Rs 4,95,000. The stamp duty at 7% would be Rs 34,650, and the registration fee at 2% would be Rs 9,900, bringing the total fees to Rs 44,550. 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 more detailed calculations.

Which Sub Registrar Office covers Panguni Medu?

Panguni Medu falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruporur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the legal value of the property as recorded in the official register. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Panguni Medu?

The current guideline value of Panguni Medu is Rs 495 per sq.ft as of the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 495 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the land classification of Panguni Medu?

Panguni Medu is classified as Residential Class IV Type - I, which indicates its designated use for residential purposes.

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

The Sub Registrar Office covering Panguni Medu is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for property in Panguni Medu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 34,650.