Guideline Value for PONDICHERY PATTAI ROAD

Pondichery Pattai Road guideline value

The current guideline value of Pondichery Pattai Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Chemmancheri village and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Pondichery Pattai Road has changed

The guideline value for Pondichery Pattai Road has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase to Rs 3,000 per sq.ft, marking a rise of 124%. The most recent revision in 2024 saw the value increase to Rs 3,300 per sq.ft, which is a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 65%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for the area is Rs 1,700 per sq.ft, and Pondichery Pattai Road's 2024 figure is above this median.

• Pondichery Pattai: Rs 3,300 per sq.ft (2024)
• Platinam Holdings: Rs 1,100 per sq.ft (2024)
• Perumal Koil Street: Rs 3,300 per sq.ft (2024)
• Prasanna Garden: Rs 3,900 per sq.ft (2024)
• Pridivraj Garden: Rs 1,000 per sq.ft (2024)
• Prim Liberty Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pondichery Pattai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pondichery Pattai Road?

The Sub Registrar Office that covers Pondichery Pattai Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Chemmancheri. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value is set by the government and reflects the minimum value for property transactions.

When a property is registered, the guideline value is considered to ensure that the sale price is in accordance with government regulations. This helps in maintaining transparency in property transactions and ensures that both parties adhere to the legal requirements.

Frequently asked questions

What is the current guideline value of Pondichery Pattai Road?

The current guideline value of Pondichery Pattai Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 in 2012 to Rs 3,300 in 2024. There was a notable increase of 124% from 2017 to 2023.

What are the stamp duty and registration fees for property in Pondichery Pattai Road?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Pondichery Pattai Road?

The Neelankarai Sub Registrar Office handles registrations for Pondichery Pattai Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the significance of the guideline value?

The guideline value is significant as it determines the minimum price for property transactions, influencing the stamp duty and registration fees during the buying or selling process.