Guideline Value for PATTINATHAR STREET

Pattinathar Street guideline value

The current guideline value of Pattinathar Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class III Type - II.

How the guideline value of Pattinathar Street has changed

The guideline value for Pattinathar Street has seen significant changes over the years. In 2002, the guideline value was Rs 351 per sq.ft, which increased to Rs 385 per sq.ft in 2003, marking a rise of 10%. By 2007, the value further increased to Rs 550 per sq.ft, reflecting a 43% change from the previous revision. However, there are no figures available for the years 2012 and 2017.

From 2007 to 2023, the guideline value surged to Rs 2,500 per sq.ft, representing a remarkable increase of 355%. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an 8% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 669%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value range from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, making Pattinathar Street's 2024 figure equal to this median.

• Patel Road Lane: Rs 4,900 per sq.ft (2024)
• Patel Road 2nd Street: Rs 4,900 per sq.ft (2024)
• Patel Road 1st Cross Street: Rs 4,900 per sq.ft (2024)
• Patel Road: Rs 6,500 per sq.ft (2024)
• Perambur High Road 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Perambur Highroad 1st Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pattinathar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pattinathar Street?

The Sub Registrar Office that covers Pattinathar Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Pattinathar Street?

The current guideline value of Pattinathar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 351 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 669% over the years.

What is the registration office for Pattinathar Street?

The registration office for Pattinathar Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.

What are the stamp duty and registration fees for property in Pattinathar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, making the total Rs 2,43,000.

Where can I find more information about guideline values in Perambur?

More information about guideline values in Perambur can be found through the Registration Department's guideline value register (TNReginet) or by visiting the Purasaivakkam Sub Registrar Office.