Guideline Value for PAVENDAR SALAI (WARD -4)

Pavendar Salai (Ward -4) guideline value

The current guideline value of Pavendar Salai (Ward -4) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Pavendar Salai (Ward -4) has changed

The guideline value for Pavendar Salai has undergone several revisions over the years. In the 2012 revision, the value was Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,800 per sq.ft. The most recent revision in 2024 saw another increase of 10%, resulting in the current value of Rs 1,980 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village contains 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, making the 2024 figure for Pavendar Salai above this median.

• Pattukottai Kalyana Sundaram Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattukottai Alagiri Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Pattinathadigal Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Peialwar Street (Ward -5): Rs 1,321 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 Pavendar Salai (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pavendar Salai (Ward -4)?

The Sub Registrar Office that covers Pavendar Salai (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Pavendar Salai (Ward -4)?

The current guideline value of Pavendar Salai (Ward -4) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Pavendar Salai?

The land classification for Pavendar Salai (Ward -4) is Residential Special Type - II.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Pattukottai Kalyana Sundaram Salai at Rs 1,760 per sq.ft, Pattukottai Alagiri Street at Rs 1,760 per sq.ft, Pattinathadigal Street at Rs 1,321 per sq.ft, Peialwar Street at Rs 1,321 per sq.ft, Peramanor Union Road at Rs 990 per sq.ft, and Perarignar Anna Salai at Rs 2,200 per sq.ft.

How is the stamp duty calculated for properties in Pavendar Salai?

Stamp duty for properties in Pavendar Salai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applied.