Guideline Value for Pachaiyappan nagar

Pachaiyappan nagar guideline value

The current guideline value of Pachaiyappan nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO and is classified as Residential Class II Type - I.

How the guideline value of Pachaiyappan nagar has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,300 per sq.ft, which is an 8% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Pachaiyappan nagar is equal to this median.

• Padasalai Street: Rs 1,300 per sq.ft (2024)
• Padavettamman Koil Street: Rs 1,200 per sq.ft (2024)
• Nova Element 5 Extension I: Rs 6,000 per sq.ft (2024)
• Nova Element 5: Rs 2,130 per sq.ft (2024)
• Nova Aradiya Nagar: Rs 4,000 per sq.ft (2024)
• NolamburRoad: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiyappan nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pachaiyappan nagar?

The Sub Registrar Office that covers Pachaiyappan nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in 44.Ayanambakkam, the guideline value will influence the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for assessing property transactions within the area.

Frequently asked questions

What is the current guideline value of Pachaiyappan nagar?

The current guideline value of Pachaiyappan nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 62% over this period.

What are the other streets in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam include Padasalai Street, Padavettamman Koil Street, Nova Element 5 Extension I, Nova Element 5, Nova Aradiya Nagar, and NolamburRoad, each with varying guideline values.

What fees are involved when registering property in Pachaiyappan nagar?

When registering property in Pachaiyappan nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pachaiyappan nagar?

The Sub Registrar Office for Pachaiyappan nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.