Guideline Value for PAVAN VEDH ENCLAVE

Pavan Vedh Enclave guideline value

The current guideline value of Pavan Vedh Enclave is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Koovathoor village, under the Cheyyur SRO, and is classified as Mixed Type - II.

How the guideline value of Pavan Vedh Enclave has changed

The guideline value for Pavan Vedh Enclave has remained consistent at Rs 500 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

From the 2023 revision to the 2024 revision, there has been no change, reflecting a stable guideline value of Rs 500 per sq.ft during this period.

Guideline values in Koovathoor

In Koovathoor, five streets under the Cheyyur SRO carry a 2024 guideline value, ranging from Rs 300 to Rs 502 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, which is equal to the current figure for Pavan Vedh Enclave.

• Prime Coastal: Rs 500 per sq.ft (2024)
• Golden Waterina: Rs 350 per sq.ft (2024)
• M.A.M.Nagar: Rs 300 per sq.ft (2024)
• கந்தசாமி நகர்: Rs 502 per sq.ft (2024)

Stamp duty and registration fee for property in Pavan Vedh Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pavan Vedh Enclave?

The Sub Registrar Office that covers Pavan Vedh Enclave is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Koovathoor, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding this value helps in ensuring that all legal requirements are met during the buying or selling process.

Frequently asked questions

What is the current guideline value of Pavan Vedh Enclave?

The current guideline value of Pavan Vedh Enclave is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pavan Vedh Enclave has remained at Rs 500 per sq.ft for 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 of Pavan Vedh Enclave?

Pavan Vedh Enclave is classified as Mixed Type - II, which indicates the nature of the land use in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total stamp duty and registration fee of Rs 45,000.

Where is the Sub Registrar Office for Pavan Vedh Enclave located?

The Cheyyur Sub Registrar Office covers Pavan Vedh Enclave and is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.