Guideline Value for Pachaiyamman Nagar

Pachaiyamman Nagar guideline value

The current guideline value of Pachaiyamman Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Pachaiyamman Nagar has changed

The guideline value for Pachaiyamman Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 171 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. This was followed by a substantial rise to Rs 2,500 per sq.ft in 2012, marking a 317% increase. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and most recently to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1508%. The register does not provide figures for the year 2002 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the village is Rs 3,300 per sq.ft, placing Pachaiyamman Nagar's 2024 figure below this median.

• Pachaiyappan Colony: Rs 2,160 per sq.ft (2024)
• Pachaiamman Koil Colony Eri Ora Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 1st Street: Rs 2,160 per sq.ft (2024)
• Pachaiamman Koil Colony Cross Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 2nd Street: Rs 2,160 per sq.ft (2024)
• Pachaiamman Koil 1 To 4 Streets: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachaiyamman Nagar?

The Sub Registrar Office that covers Pachaiyamman Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pachaiyamman Nagar?

The current guideline value of Pachaiyamman Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 171 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1508% over this period.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, with Pachaiyamman Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for properties in Pachaiyamman Nagar?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Pachaiyamman Nagar located?

The Sub Registrar Office for Pachaiyamman Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.