Guideline Value for Pachaiyappan Nagar Cross Street

Pachaiyappan Nagar Cross Street guideline value

The current guideline value of Pachaiyappan Nagar Cross Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, with a land classification of Residential Class III Type - I.

How the guideline value of Pachaiyappan Nagar Cross Street has changed

The guideline value for Pachaiyappan Nagar Cross Street has undergone several revisions over the years. Starting from Rs 171 per sq.ft in 2003, it increased to Rs 600 per sq.ft in 2007, marking a significant rise of 251%. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting a 233% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 2,160 per sq.ft, representing a 61% increase from 2017.

There are no figures available for the years 2023 and 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1163%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Pachaiyappan Nagar Cross Street is below this median.

• Pachaiyappan Koil Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony Extn.: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony Eri Side St.: Rs 2,160 per sq.ft (2024)
• Pachiappan Koil Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 4th Street: Rs 2,160 per sq.ft (2024)
• Pachaiyappan Colony 3rd Street: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiyappan Nagar Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,160 per sq.ft, the guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, totaling Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pachaiyappan Nagar Cross Street?

The Sub Registrar Office covering Pachaiyappan Nagar Cross Street 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 is a crucial factor in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Pachaiyappan Nagar Cross Street?

The current guideline value for Pachaiyappan Nagar Cross Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 171 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of 1163% over this period.

What is the land classification for Pachaiyappan Nagar Cross Street?

Pachaiyappan Nagar Cross Street is classified as Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office for Pachaiyappan Nagar Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees can amount to Rs 1,94,400.