Guideline Value for PAZHAVERKADU PUDHUVOYAL SALAI

Pazhaverkadu Pudhuvoyal Salai guideline value

The current guideline value of Pazhaverkadu Pudhuvoyal Salai is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pazhaverkadu Pudhuvoyal Salai has changed

The guideline value for Pazhaverkadu Pudhuvoyal Salai has seen significant changes over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, and in the 2024 revision, it increased to Rs 900 per sq.ft, marking a 200% increase.

In summary, the guideline value has increased from Rs 300 per sq.ft in 2023 to Rs 900 per sq.ft in 2024. This change positions Pazhaverkadu Pudhuvoyal Salai above the median guideline value of Rs 700 per sq.ft for other streets in Ponneri under the Ponneri SRO.

Guideline values in Ponneri

In Ponneri, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, and Pazhaverkadu Pudhuvoyal Salai's value of Rs 900 per sq.ft is above this median.

• Pavender Street: Rs 700 per sq.ft (2024)
• Parthasarathy Kovil St: Rs 700 per sq.ft (2024)
• Periyar Street: Rs 700 per sq.ft (2024)
• Panchetty Salai: Rs 700 per sq.ft (2024)
• Perumal Nagar: Rs 700 per sq.ft (2024)
• Palanivel Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Pazhaverkadu Pudhuvoyal Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pazhaverkadu Pudhuvoyal Salai?

The Sub Registrar Office that covers Pazhaverkadu Pudhuvoyal Salai is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ponneri. It serves as the basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for legal documentation. This value is used to assess the applicable taxes and fees, ensuring that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Pazhaverkadu Pudhuvoyal Salai?

The current guideline value of Pazhaverkadu Pudhuvoyal Salai is Rs 900 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, representing a 200% increase.

What is the land classification for Pazhaverkadu Pudhuvoyal Salai?

Pazhaverkadu Pudhuvoyal Salai is classified as Residential Class I Type - I.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Pazhaverkadu Pudhuvoyal Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 900 per sq.ft, the stamp duty would be Rs 63,000.