Guideline Value for Pachiappan Nagar

Pachiappan Nagar guideline value

The current guideline value of Pachiappan Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Mannoor village, under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Pachiappan Nagar has changed

The guideline value for Pachiappan Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 250 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision was set at Rs 167 per sq.ft, reflecting a 50% increase from the 2017 to 2023 period. In contrast, the 2012 revision was also Rs 250 per sq.ft, indicating a decrease of 33% from 2012 to 2017.

Overall, comparing the figures from 2012 to 2024, there has been no change, remaining at Rs 250 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannoor

Mannoor village has 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which is the same as the current value for Pachiappan Nagar.

• Ochan street: Rs 250 per sq.ft (2024)
• Pallikuda Street: Rs 200 per sq.ft (2024)
• Palvadi Street: Rs 200 per sq.ft (2024)
• Nemili Road: Rs 300 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• Muthu Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pachiappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachiappan Nagar?

The Sub Registrar Office that covers Pachiappan Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mannoor, as it is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the guideline value is considered to avoid undervaluation. This ensures that the state receives the correct amount of revenue from property transactions, reflecting the true value of the property as per the registered guidelines.

Frequently asked questions

What is the current guideline value of Pachiappan Nagar?

The current guideline value of Pachiappan Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification of Pachiappan Nagar?

Pachiappan Nagar is classified as Residential Class II Type - I, which is relevant for determining the guideline value.

What are the stamp duty and registration fees for property in Pachiappan Nagar?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value.

Where can I find the Sub Registrar Office for Pachiappan Nagar?

The Sub Registrar Office for Pachiappan Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.