Guideline Value for PAV GREEN FIELD

Pav Green Field guideline value

The current guideline value of Pav Green Field is Rs 3,000 per sq.ft. This property is located in Parivakkam village, under the Poonamallee SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Pav Green Field has changed

The guideline value for Pav Green Field has seen revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

Thus, from 2023 to 2024, the guideline value experienced a change of +0%, maintaining the rate at Rs 3,000 per sq.ft. This consistency indicates stability in the guideline value for this property over the last two revisions.

Guideline values in Parivakkam

In Parivakkam, there are 31 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 6,750 per sq.ft. The median guideline value for the village is Rs 1,800 per sq.ft, placing Pav Green Field's 2024 figure above this median.

• Oom Sundaram Nagar: Rs 1,550 per sq.ft (2024)
• Om Sakthi Nagar: Rs 660 per sq.ft (2024)
• Prime Gardens: Rs 1,440 per sq.ft (2024)
• Newry Clovery County: Rs 3,500 per sq.ft (2024)
• Navin Avenue: Rs 660 per sq.ft (2024)
• Romaa Majestic: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Pav Green Field

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value would be Rs 30,00,000. The stamp duty at 7% would amount to Rs 2,10,000, and the registration fee at 2% would be Rs 60,000. Together, the total cost would be Rs 2,70,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Pav Green Field?

The Sub Registrar Office that covers Pav Green Field is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Parivakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This value ensures that the government receives appropriate revenue from property transactions.

When registering a property, the guideline value serves as a benchmark for calculating the fees, which are based on the higher of the guideline value or the actual sale price. This ensures that all transactions are fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Pav Green Field?

The current guideline value of Pav Green Field is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pav Green Field has remained at Rs 3,000 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Pav Green Field?

The land classification for Pav Green Field is Residential Special Type - IV, indicating its intended use for residential purposes.

How is stamp duty calculated for properties in Pav Green Field?

Stamp duty for properties in Pav Green Field is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 2,10,000.

Where can I find the Sub Registrar Office for Pav Green Field?

The Sub Registrar Office for Pav Green Field is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO through the provided link.