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 Sattamangalam village, under the Chengleput Joint II SRO, classified as Residential Special Type - II.

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

The guideline value of Pavendar Salai has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, representing a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no registered figures for Pavendar Salai in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Pavendar Salai's 2024 figure 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 1,320 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 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 amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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, 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 Sattamangalam

The guideline value plays a crucial role during the registration process when buying or selling property in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Buyers and sellers should be aware that the guideline value is regularly updated, and it is essential to check the current rates to ensure compliance with the registration requirements. This helps in avoiding any discrepancies during the transaction process.

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 (Ward -4)?

Pavendar Salai (Ward -4) is classified as Residential Special Type - II under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Pavendar Salai (Ward -4)?

For a property valued at Rs 19,80,000, the stamp duty is Rs 1,38,600, and the registration fee is Rs 39,600, totaling Rs 1,78,200.

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

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Pavendar Salai (Ward -4).