Guideline Value for PIONEER GARDEN

Pioneer Garden guideline value

The current guideline value of Pioneer Garden, located in Paruthipattu village under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Pioneer Garden has changed

The guideline value for Pioneer Garden has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 900 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 950 per sq.ft, reflecting a 6% rise from the previous year.

It is important to note that for the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Pioneer Garden is below this median.

• Pillayar Koil St, Reddypalayam: Rs 950 per sq.ft (2024)
• Pillayar Koil St, Poonamallee Road Western Side: Rs 1,625 per sq.ft (2024)
• Pillayar Koil St, Konambedu: Rs 950 per sq.ft (2024)
• Pillayar Koil St, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Pillayar Koil St, Annanur: Rs 950 per sq.ft (2024)
• Pillayar Koil St: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Pioneer Garden

For a 1,000 sq.ft plot in Pioneer Garden at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total cost to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pioneer Garden?

The Pioneer Garden area is covered by the Avadi Sub Registrar Office. The address is Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction reflects the correct value for tax purposes. This value helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value for Pioneer Garden?

The current guideline value for Pioneer Garden is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification of Pioneer Garden?

Pioneer Garden is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Pioneer Garden?

The Sub Registrar Office covering Pioneer Garden is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Pioneer Garden?

The stamp duty for property in Pioneer Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 66,500.