Guideline Value for PATTABIRAMAN GARDEN

Pattabiraman Garden guideline value

The current guideline value of Pattabiraman Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Pattabiraman Garden has changed

The guideline value for Pattabiraman Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then changed to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the current 2024 revision has set it at Rs 1,100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a 10% increase in the guideline value.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, placing Pattabiraman Garden's 2024 figure below this median.

• Pathijal 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 Pattabiraman Garden

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 amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to 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 Pattabiraman Garden?

The Pattabiraman Garden area is covered by 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 a crucial factor when registering property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the buying or selling process.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that all transactions are conducted fairly and transparently. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pattabiraman Garden?

The current guideline value of Pattabiraman 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 back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Pattabiraman Garden?

Pattabiraman Garden is classified as Residential Class III Type - I.

Where can I find the Neelankarai Sub Registrar Office?

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

How is stamp duty calculated in Pattabiraman Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.