Guideline Value for PAZIYA POLICE LINE

Paziya Police Line guideline value

The current guideline value of Paziya Police Line is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Paziya Police Line has changed

The guideline value for Paziya Police Line has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has seen a change of +10% from 2012 to 2024. Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Paziya Police Line's 2024 figure below this median.

• Periyanatham Police Line: Rs 2,200 per sq.ft (2024)
• Periya Rathinam Street: Rs 2,200 per sq.ft (2024)
• Pasith Street (A) Matha Kovil Street: Rs 1,650 per sq.ft (2024)
• Periyar Street (Periyar Chetty Street): Rs 3,850 per sq.ft (2024)
• Parthasarathy Street: Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Paziya Police Line

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Paziya Police Line?

Paziya Police Line is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Chengalpattu Natham. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that must be paid to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of these values ensures a smooth registration process and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Paziya Police Line?

The current guideline value of Paziya Police Line is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024. Notably, there was a decrease to Rs 1,005 per sq.ft in 2017, followed by an increase to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for a property in Paziya Police Line?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Paziya Police Line?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Paziya Police Line.

What is the land classification for Paziya Police Line?

Paziya Police Line is classified as Residential Class I Type - I, indicating its suitability for residential development.