Guideline Value for PATTUKOTTAI KALYANA SUNDARAM SALAI (WARD -8)

Pattukottai Kalyana Sundaram Salai (Ward -8) guideline value

The current guideline value of Pattukottai Kalyana Sundaram Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Pattukottai Kalyana Sundaram Salai (Ward -8) has changed

The guideline value for Pattukottai Kalyana Sundaram Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft. This was followed by a significant increase to Rs 1,600 per sq.ft in 2023, and a further increase to Rs 1,760 per sq.ft in 2024, marking a 10% rise from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Pattukottai Kalyana Sundaram Salai is above this median.

• Pattukottai Alagiri Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattinathadigal Street (Ward -6): Rs 1,320 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)
• Peramanor Union Road (Per): Rs 990 per sq.ft (2024)
• Perarignar Anna Salai (Ward -6): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pattukottai Kalyana Sundaram Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattukottai Kalyana Sundaram Salai (Ward -8)?

The Sub Registrar Office covering Pattukottai Kalyana Sundaram Salai (Ward -8) 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pattukottai Kalyana Sundaram Salai?

The current guideline value of Pattukottai Kalyana Sundaram Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,600 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with notable fluctuations in between.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations in this area?

The Chengleput Joint II Sub Registrar Office handles property registrations for Pattukottai Kalyana Sundaram Salai (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Pattukottai Kalyana Sundaram Salai?

Pattukottai Kalyana Sundaram Salai is classified as Residential Special Type - III, indicating its suitability for residential development.