Guideline Value for PGP nagar

PGP nagar guideline value

The current guideline value for PGP Nagar in Poonthamallee village, under the Poonamallee SRO, is not published. The last notified rate was Rs 1,340 per sq.ft in the 2017 revision. There is no land classification available for this area.

How the guideline value of PGP nagar has changed

Looking at the revisions, the guideline value for PGP Nagar was Rs 300 per sq.ft in 2007, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a change of +567%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of -33%. There are no figures available for the revisions in 2024, 2023, 2003, and 2002.

Overall, from 2007 to 2017, the guideline value increased by +347%. This indicates fluctuations in the guideline value over the years, with significant changes noted between the 2007, 2012, and 2017 revisions.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values for 2024 ranging from Rs 1,980 to Rs 4,950 per sq.ft, and the median value being Rs 2,200 per sq.ft. PGP Nagar does not currently have a published rate, but it is noteworthy to compare it with other streets in the area.

• P.G.P Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• P.G.P Nagar Extension: Rs 2,210 per sq.ft (2024)

Stamp duty and registration fee for property in PGP nagar

As there is no current rate for PGP Nagar, a worked example cannot be provided. It is important to note that stamp 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 information.

Which Sub Registrar Office covers PGP nagar?

The PGP Nagar area falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Poonthamallee. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in official documents.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline values to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value for PGP Nagar?

The current guideline value for PGP Nagar is not published. The last notified rate was Rs 1,340 per sq.ft in the 2017 revision.

How has the guideline value changed over the years?

The guideline value for PGP Nagar increased from Rs 300 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017. There are no figures available for the revisions in 2024, 2023, 2003, and 2002.

What are the guideline values for other streets in Poonthamallee?

Other streets in Poonthamallee have guideline values ranging from Rs 2,200 to Rs 2,210 per sq.ft for the year 2024, with PGP Nagar having no current published rate.

Where is the Sub Registrar Office for PGP Nagar located?

The PGP Nagar area is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees. Buyers and sellers must be aware of the guideline values to ensure compliance during property transactions.