Guideline Value for PAZHANDIAMMAN KOIL STREET

Pazhandiamman Koil Street guideline value

The current guideline value of Pazhandiamman Koil Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Pazhandiamman Koil Street has changed

The guideline value for Pazhandiamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,144 per sq.ft. However, the value increased significantly to Rs 3,200 per sq.ft in 2023, marking a 49% rise from 2017. The latest revision in 2024 brought the value to Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

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 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing Pazhandiamman Koil Street's 2024 figure below this median.

• Parvettai Chavadi: Rs 3,520 per sq.ft (2024)
• Parvathi Street: Rs 11,000 per sq.ft (2024)
• Periyar E.V.R Salai (Lakshmipuram): Rs 7,150 per sq.ft (2024)
• Pari Street T.N.H.B.: Rs 11,000 per sq.ft (2024)
• Periyar Nagar / Street: Rs 7,150 per sq.ft (2024)
• Pillaiar Koil Street (Rajaji Nagr): Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pazhandiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. 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 precise calculations.

Which Sub Registrar Office covers Pazhandiamman Koil Street?

The Sub Registrar Office that covers Pazhandiamman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, 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 from property transactions.

Frequently asked questions

What is the current guideline value of Pazhandiamman Koil Street?

The current guideline value of Pazhandiamman Koil Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, a 10% increase. It was Rs 2,144 per sq.ft in 2017, showing a 49% increase to 2023.

What is the land classification for Pazhandiamman Koil Street?

Pazhandiamman Koil Street is classified as Residential Class V Type - III, indicating its zoning for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Pazhandiamman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at 7%.