Guideline Value for PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land)

PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land) guideline value

The current guideline value of PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land) is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land) has changed

In the 2012 revision, the guideline value was set at Rs 2,300 per sq.ft. However, it decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 2,300 per sq.ft in the 2023 revision, and further rose to Rs 2,500 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 9%.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

In Padi, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 13,200 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value of PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land) is below this median.

• PASUMPON DEVAR NAGAR 'ANNA 1ST STREET' (Kovil Land): Rs 2,500 per sq.ft (2024)
• PASUMPON DEVAR NAGAR 'GANDHI 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 'JAWAHAR STREET' (Kovil Land): Rs 2,500 per sq.ft (2024)
• PASUMPON DEVAR NAGAR 'AMBEDKAR STREET' (Kovil Land): Rs 2,500 per sq.ft (2024)
• PASUMPON DEVAR NAGAR 'V.O.C.STREET' (Kovil Land): Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. It is important to note that 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 PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land)?

The Sub Registrar Office that covers PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land) 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 Padi

The guideline value is an essential factor during the registration of property transactions in Padi. It serves as a reference point for calculating the stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, it is crucial to be aware of the guideline value as it impacts the overall cost involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land)?

The current guideline value of PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land) is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 2,300 per sq.ft in 2012, decreasing to Rs 1,541 per sq.ft in 2017, and then increasing to Rs 2,300 per sq.ft in 2023, before reaching Rs 2,500 per sq.ft in 2024.

What is the land classification of PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land)?

PASUMPON DEVAR NAGAR 'ANNA 2ND STREET' (Kovil Land) is classified as Residential Class V Type - I.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,25,000.

Where is the Sub Registrar Office for this street located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.