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 Vakkupattu A village under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of Pavendhar Bharathidasan Nagar has changed

In the 2017 revision, the guideline value was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 500 per sq.ft. The 2024 revision again confirmed the guideline value at Rs 500 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a 49% increase in the guideline value. Overall, from 2017 to 2024, the increase remains at 49% as well, reflecting the consistency in the guideline value over the last two revisions.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,090 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, making Pavendhar Bharathidasan Nagar's value equal to this median.

• Rpd Village: Rs 500 per sq.ft (2024)
• Sai Baba Nagar: Rs 400 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Sairam Township: Rs 500 per sq.ft (2024)
• Hiranandani Parks: Rs 1,250 per sq.ft (2024)
• Harshadha Homes: Rs 1,250 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 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 fees 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 Pavendhar Bharathidasan Nagar?

Pavendhar Bharathidasan Nagar falls under 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 Vakkupattu A

The guideline value is a crucial factor in the registration process when buying or selling property in Vakkupattu A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

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 2023 to 2024, while it increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Vakkupattu A with their guideline values?

Other streets in Vakkupattu A include Rpd Village and Sri Sairam Township, both at Rs 500 per sq.ft, Sai Baba Nagar and Sri Lakshmi Nagar at Rs 400 per sq.ft, and Hiranandani Parks and Harshadha Homes at Rs 1,250 per sq.ft.

What fees are associated with buying property in Pavendhar Bharathidasan Nagar?

When buying property, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 45,000.

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

The Sub Registrar Office covering Pavendhar Bharathidasan Nagar is the Walajabad SRO, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.