Guideline Value for PATHIJAL GARDEN

Pathijal Garden guideline value

The current guideline value of Pathijal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Pathijal Garden has changed

The guideline value for Pathijal Garden has undergone several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. The value then increased significantly to Rs 1,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Pathijal Garden's 2024 guideline value is below this median.

• Pattabiraman Garden: Rs 1,100 per sq.ft (2024)
• Parvathi Garden: Rs 1,100 per sq.ft (2024)
• Parthasarathi Garden: Rs 1,100 per sq.ft (2024)
• Pari Garden: Rs 1,100 per sq.ft (2024)
• Periyar Salai: Rs 2,800 per sq.ft (2024)
• Palm Springs Garden: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pathijal Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to 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 duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pathijal Garden?

The Sub Registrar Office that covers Pathijal Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the total costs involved in the transaction. It is crucial for both parties to be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pathijal Garden?

The current guideline value of Pathijal Garden 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently to Rs 1,100 per sq.ft in 2024.

What is the land classification of Pathijal Garden?

Pathijal Garden is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pathijal Garden?

The Neelankarai Sub Registrar Office covers Pathijal Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property in Pathijal Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 77,000.