Guideline Value for PKN அவன்யு

Pkn அவன்யு guideline value

The current guideline value of Pkn அவன்யு is Rs 230 per sq.ft, effective from 1 July 2024. This street is located in Adikathur village and falls under the Manavalanagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pkn அவன்யு has changed

The guideline value for Pkn அவன்யு has been revised several times over the years. The most recent revision in 2024 set the value at Rs 230 per sq.ft, which is the same as the 2023 revision. Prior to this, in 2017, the guideline value was Rs 154 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

In summary, the guideline value has remained stable at Rs 230 per sq.ft from 2023 to 2024. The substantial increase from 2017 to 2023 reflects a notable change in the valuation of properties in this area.

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. The median guideline value for these streets is Rs 230 per sq.ft, which is the same as the guideline value for Pkn அவன்யு.

• PKN ï裢: 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 அவன்யு

For a 1,000 sq.ft plot at the current guideline value of Rs 230 per sq.ft, the total guideline value would be Rs 2,30,000. The stamp duty at 7% would amount to Rs 16,100, and the registration fee at 2% would be Rs 4,600, totaling Rs 20,700. Please note that 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 details.

Which Sub Registrar Office covers Pkn அவன்யு?

The Sub Registrar Office that covers Pkn அவன்யு is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Adikathur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction process. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for the associated costs.

When registering a property, the guideline value is used to calculate the stamp duty, which is a mandatory fee imposed by the government. This fee is based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is appropriately taxed.

Frequently asked questions

What is the current guideline value of Pkn அவன்யு?

The current guideline value of Pkn அவன்யு is Rs 230 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 154 per sq.ft to Rs 230 per sq.ft in 2024, reflecting a 49% change. The value remained the same from 2023 to 2024.

What is the land classification for Pkn அவன்யு?

Pkn அவன்யு is classified as Residential Class II Type - I, indicating its designation for residential use within the area.

Where can I find the Sub Registrar Office for Pkn அவன்யு?

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

How is the stamp duty calculated for properties in Pkn அவன்யு?

Stamp duty for properties in Pkn அவன்யு is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 16,100.