Guideline Value for Pachaiamman Street Devi nagar

Pachaiamman Street Devi nagar guideline value

The current guideline value of Pachaiamman Street Devi nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pachaiamman Street Devi nagar has changed

The guideline value for Pachaiamman Street Devi nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 2,400 per sq.ft, which represents a 63% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 9% in the guideline value. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current value of Pachaiamman Street Devi nagar.

• Pachaiyamman Nagar: Rs 1,900 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,600 per sq.ft (2024)
• Padmavathi Nagar Vistharipu: Rs 1,600 per sq.ft (2024)
• Padmavathi Srinivasan Nagar: Rs 1,900 per sq.ft (2024)
• Old School Street: Rs 2,400 per sq.ft (2024)
• Old MTH Road: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiamman Street Devi nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000. Together, the total cost for these fees would be Rs 2,16,000. It is important to note that the 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 Pachaiamman Street Devi nagar?

The Sub Registrar Office that covers Pachaiamman Street Devi nagar is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thirumullaivoyal. It is used to determine the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pachaiamman Street Devi nagar?

The current guideline value of Pachaiamman Street Devi nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Pachaiamman Street Devi nagar?

The land classification for Pachaiamman Street Devi nagar is Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Pachaiamman Street Devi nagar is charged at a rate of 7% on the guideline value or sale price, whichever is higher. The registration fee is charged at a rate of 2%.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Pachaiamman Street Devi nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.