Guideline Value for PKN ï裢

PKN ï裢 guideline value

The current guideline value of PKN ï裢 is Rs 230 per sq.ft, effective from 1 July 2024. This street is located in Adikathur village under the Manavalanagar SRO, classified as Residential Class II Type - I.

How the guideline value of PKN ï裢 has changed

The guideline value for PKN ï裢 has seen several revisions over the years. The 2017 revision set the value at Rs 154 per sq.ft. This figure increased to Rs 230 per sq.ft in both the 2023 and 2024 revisions, reflecting a significant change of 49% from 2017 to 2023 and maintaining the same rate in 2024, resulting in an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2024 revision marks the latest update, with no change from the previous year.

Guideline values in Adikathur

In Adikathur, there are 51 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with a median value of Rs 230 per sq.ft. The guideline value of PKN ï裢 aligns perfectly with this median.

• Pkn அவன்யு: Rs 230 per sq.ft (2024)
• ªõé¢è«ìú¢õó£ ú¢ªè£ò£¢: Rs 271 per sq.ft (2024)
• Ellappa Prakash Nagar: Rs 230 per sq.ft (2024)
• Gomathi Amman Nagar: Rs 230 per sq.ft (2024)
• Kamatchi Nagar: Rs 271 per sq.ft (2024)
• Krishna Meadow: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in PKN ï裢

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,30,000. The stamp duty at 7% would be Rs 16,100, and the registration fee at 2% would be Rs 4,600, totaling Rs 20,700. 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 PKN ï裢?

The Sub Registrar Office covering PKN ï裢 is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Adikathur. It determines the stamp duty and registration fees that are applicable, ensuring that the transaction is compliant with the local regulations.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of PKN ï裢?

The current guideline value of PKN ï裢 is Rs 230 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 154 per sq.ft in 2017 to Rs 230 per sq.ft in 2023 and 2024, marking a 49% increase over this period.

Are there any years with no guideline value for PKN ï裢?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

What are the stamp duty rates for property in PKN ï裢?

The stamp duty for property in PKN ï裢 is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for PKN ï裢 located?

The Sub Registrar Office for PKN ï裢 is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.