Guideline Value for PANJAMUGA SIVAN KOIL STREET

Panjamuga Sivan Koil Street guideline value

The current guideline value of Panjamuga Sivan Koil Street is Rs 4,355 per sq.ft, effective from 1 July 2024. This street is located in 1. Nolambur village under the Villivakkam SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Panjamuga Sivan Koil Street has changed

The guideline value for Panjamuga Sivan Koil Street has remained the same at Rs 4,355 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value is Rs 4,355 per sq.ft, which is consistent with the figure from the 2023 revision. This indicates no change in the guideline value between these two years.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Panjamuga Sivan Koil Street is below this median.

• Parkrest Apartments: Rs 7,100 per sq.ft (2024)
• Patchaiappan Nagar: Rs 7,100 per sq.ft (2024)
• Padasalai Street: Rs 3,300 per sq.ft (2024)
• Periyanolambur: Rs 3,300 per sq.ft (2024)
• Pacific City: Rs 7,100 per sq.ft (2024)
• Perumal Koil Street: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Panjamuga Sivan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,355 per sq.ft, the total guideline value amounts to Rs 43,55,000. The stamp duty at 7% would be Rs 3,04,850, and the registration fee at 2% would be Rs 87,100, bringing the total to Rs 3,91,950. 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 precise calculations.

Which Sub Registrar Office covers Panjamuga Sivan Koil Street?

The Sub Registrar Office that covers Panjamuga Sivan Koil Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor in the registration process when buying or selling property in 1. Nolambur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value serves as a benchmark for calculating the applicable duties. Buyers and sellers should be aware that the duty is levied on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Panjamuga Sivan Koil Street?

The current guideline value of Panjamuga Sivan Koil Street is Rs 4,355 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 4,355 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 43,55,000, the stamp duty would be Rs 3,04,850 and the registration fee would be Rs 87,100, totaling Rs 3,91,950.

Which office handles property registrations in Nolambur?

The Villivakkam Sub Registrar Office handles property registrations in Nolambur, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and the values of other streets in the vicinity. It serves as a basis for calculating stamp duty and registration fees during property transactions.