Guideline Value for PKP GARDEN

Pkp Garden guideline value

The current guideline value of Pkp Garden, located in Vellivalam village under the Walajabad SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Pkp Garden has changed

The guideline value for Pkp Garden has seen several revisions over the years. In 2012, the value was Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the 2023 revision brought the value back to Rs 200 per sq.ft, and the 2024 revision retained this figure, marking no change from the previous year. Notably, the register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Vellivalam

In Vellivalam, there are five streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 351 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of Pkp Garden.

• Prem Nagar: Rs 200 per sq.ft (2024)
• Natarajan Nagar: Rs 351 per sq.ft (2024)
• Ishvaryam nagar: Rs 200 per sq.ft (2024)
• Unknown Layout With Survey No:127,128/3: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pkp Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to 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 Pkp Garden?

The Sub Registrar Office covering Pkp Garden is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vellivalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is used to calculate these fees, ensuring that all transactions are compliant with local regulations.

When registering a property, the guideline value ensures that the transaction is recorded at a recognized value, which helps maintain transparency in property dealings. This value is especially important as it can affect the overall cost of purchasing property in the area.

Frequently asked questions

What is the current guideline value of Pkp Garden?

The current guideline value of Pkp Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and remains at this value in 2024.

What are the other streets in Vellivalam with their guideline values?

Other streets in Vellivalam include Prem Nagar at Rs 200 per sq.ft, Natarajan Nagar at Rs 351 per sq.ft, Ishvaryam nagar at Rs 200 per sq.ft, and Unknown Layout With Survey No:127,128/3 at Rs 200 per sq.ft.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pkp Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.