Guideline Value for PATTINATHADIGAL STREET (WARD -6)

Pattinathadigal Street (Ward -6) guideline value

The current guideline value of Pattinathadigal Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Pattinathadigal Street (Ward -6) has changed

The guideline value for Pattinathadigal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. The changes between the revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, the value increased by 49%; and from 2023 to 2024, there was an increase of 10%. The register has no figure for Pattinathadigal Street in the years 2002, 2003, and 2007.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Pattinathadigal Street's 2024 figure above the median.

• Pattukottai Alagiri Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattukottai Kalyana Sundaram Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pavendar Salai (Ward -4): Rs 1,980 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pasumpon Muthuramalinga Devar St (Ward -8): Rs 1,760 per sq.ft (2024)
• Peramanor Union Road (Per): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Pattinathadigal Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, together totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattinathadigal Street (Ward -6)?

The Sub Registrar Office that covers Pattinathadigal Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Peramanoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for legal purposes. This value is used to assess the applicable taxes and fees, making it essential for both parties to be aware of the current guideline values.

Frequently asked questions

What is the current guideline value of Pattinathadigal Street?

The current guideline value of Pattinathadigal Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Pattinathadigal Street?

The land classification for Pattinathadigal Street is Residential Special Type - V.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the official value of a property during registration. It is essential for calculating the stamp duty and registration fees that need to be paid during a property transaction.