Guideline Value for PAVENDHAR BHARATHIDASAN NAGAR

Pavendhar Bharathidasan Nagar guideline value

The current guideline value of Pavendhar Bharathidasan Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Enampondi village and falls under the Walajabad SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Pavendhar Bharathidasan Nagar has changed

Looking at the historical revisions, the guideline value for Pavendhar Bharathidasan Nagar has seen several changes. In 2012, the guideline value was set at Rs 500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 335 per sq.ft. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 500 per sq.ft, which remained the same in the 2023 revision and continues to be the current rate as of 2024.

Additionally, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value, maintaining it at Rs 500 per sq.ft.

Guideline values in Enampondi

In Enampondi, there are three streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 205 per sq.ft, making the guideline value of Pavendhar Bharathidasan Nagar above that median.

• S.J.Prakaash Lake View: Rs 200 per sq.ft (2024)
• ஸ்ரீ வெற்றிவேல் நகர்: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Pavendhar Bharathidasan Nagar

For a 1,000 sq.ft plot at the current rate, the 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 fees to Rs 45,000. It is important to note that the 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 Pavendhar Bharathidasan Nagar?

The Sub Registrar Office that covers Pavendhar Bharathidasan Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Enampondi, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The registration process will require adherence to the guideline value, which serves as a benchmark for property pricing in the area.

Frequently asked questions

What is the current guideline value of Pavendhar Bharathidasan Nagar?

The current guideline value of Pavendhar Bharathidasan Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a drop to Rs 335 per sq.ft in 2017. There was a 49% increase from 2017 to 2023, returning to Rs 500 per sq.ft.

What is the median guideline value in Enampondi?

The median guideline value for the three streets in Enampondi under the Walajabad SRO is Rs 205 per sq.ft, with Pavendhar Bharathidasan Nagar's value being above this median.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Pavendhar Bharathidasan Nagar?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information through the provided link.