Guideline Value for PAVENDER STREET

Pavender Street guideline value

The current guideline value of Pavender Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Pavender Street has changed

The guideline value for Pavender Street has undergone several revisions over the years. In 2007, the value was Rs 154 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 549%. However, the value then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase again, reaching Rs 1,000 per sq.ft in 2023, and further rising to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 614%.

Guideline values in SingaperumalKoil

In SingaperumalKoil village, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Pavender Street.

• Om Ganapathy Nagar: Rs 800 per sq.ft (2024)
• Railway Station Street (West Side From G.S.T.): Rs 1,500 per sq.ft (2024)
• Netaji Street (Anumandhapuram Salai) - East Side To G.S.T: Rs 1,500 per sq.ft (2024)
• Rajaji Street: Rs 1,500 per sq.ft (2024)
• Rajammal Street: Rs 1,100 per sq.ft (2024)
• Nathgee Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pavender Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pavender Street?

The Sub Registrar Office that covers Pavender Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering a property in SingaperumalKoil. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, ensuring compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Pavender Street?

The current guideline value of Pavender Street is Rs 1,100 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 154 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Pavender Street?

Pavender Street is classified as Residential Class I Type - I under the Chengleput Joint II SRO.

What are the stamp duty rates for properties in Pavender Street?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the official site.