Guideline Value for PIVI PREMIERE

Pivi Premiere guideline value

The current guideline value of Pivi Premiere in Vadapattinam village is Rs 502 per sq.ft, effective from 1 July 2024. This property falls under the Cheyyur Sub Registrar Office (SRO) and is classified as Mixed Special Type - III.

How the guideline value of Pivi Premiere has changed

The guideline value for Pivi Premiere has remained stable over the years. In the 2017 revision, the value was Rs 500 per sq.ft, which remained unchanged in the 2023 revision. The current guideline value, effective from 1 July 2024, is Rs 502 per sq.ft, marking a 0% change from the previous revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, there has been no change in the guideline value, maintaining a consistent rate since 2017.

Guideline values in Vadapattinam

In Vadapattinam, there are four streets under the Cheyyur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft. The median value is Rs 502 per sq.ft, which is equal to the guideline value of Pivi Premiere.

• La Mer Vie: Rs 502 per sq.ft (2024)
• Gemm Square: Rs 400 per sq.ft (2024)
• Elite Beach House: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pivi Premiere

For a 1,000 sq.ft plot at the current guideline value of Rs 502 per sq.ft, the total guideline value would be Rs 5,02,000. The stamp duty at 7% would amount to Rs 35,140, and the registration fee at 2% would be Rs 10,040, leading to a total of Rs 45,180. Please note that the 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 Pivi Premiere?

The Pivi Premiere property is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Vadapattinam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the property's worth. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pivi Premiere?

The current guideline value of Pivi Premiere is Rs 502 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 500 per sq.ft from 2017 to 2023, with a slight increase to Rs 502 per sq.ft in the 2024 revision. Overall, there has been no change in the guideline value from 2017 to 2024.

What are the other streets in Vadapattinam with guideline values?

In Vadapattinam, other streets include La Mer Vie at Rs 502 per sq.ft, Gemm Square at Rs 400 per sq.ft, and Elite Beach House at Rs 600 per sq.ft, all effective in 2024.

What is the stamp duty for property in Pivi Premiere?

The stamp duty for property in Pivi Premiere is 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 35,140 based on the current guideline value.

Which office handles property registrations for Pivi Premiere?

The Cheyyur Sub Registrar Office handles property registrations for Pivi Premiere, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.