Guideline Value for PCR AVENUE

Pcr Avenue guideline value

The current guideline value of Pcr Avenue in Perunthandalam village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Pcr Avenue has changed

Since the 2002 revision, the guideline value for Pcr Avenue has seen no changes. The register has no figure for the years 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 300 per sq.ft, which remained unchanged through the 2023 revision.

In the 2024 revision, the guideline value is again set at Rs 300 per sq.ft, reflecting a change of +0% from the previous revisions in 2023 and 2017. Overall, from 2017 to 2024, the guideline value has not changed.

Guideline values in Perunthandalam

In Perunthandalam, there are 8 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,350 per sq.ft. The median value for these streets is Rs 374 per sq.ft, indicating that Pcr Avenue's 2024 figure is below this median.

• New Golden City: Rs 200 per sq.ft (2024)
• Sheer Garden: Rs 200 per sq.ft (2024)
• Karpagammal Nagar: Rs 200 per sq.ft (2024)
• Divine Meadows: Rs 500 per sq.ft (2024)
• Vijay Raja's Exurb: Rs 448 per sq.ft (2024)
• Doctors Pcr Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Pcr Avenue

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Pcr Avenue?

The Sub Registrar Office that covers Pcr Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pcr Avenue?

The current guideline value of Pcr Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pcr Avenue has remained constant at Rs 300 per sq.ft since the 2017 revision, with no changes noted in the revisions for 2023 and 2024.

What is the land classification for Pcr Avenue?

Pcr Avenue is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pcr Avenue?

The Chengleput Joint II Sub Registrar Office, which covers Pcr Avenue, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property in Pcr Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.