Guideline Value for Padmanaban Nagar Jagirusan Street

Padmanaban Nagar Jagirusan Street guideline value

The current guideline value of Padmanaban Nagar Jagirusan Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Padmanaban Nagar Jagirusan Street has changed

The guideline value for Padmanaban Nagar Jagirusan Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 sets the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, placing Padmanaban Nagar Jagirusan Street's 2024 figure above this median.

• Padmanaban Nagar Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Padmanabhan Nagar Sampanthanar Street: Rs 1,650 per sq.ft (2024)
• Padmanabha Street: Rs 1,320 per sq.ft (2024)
• Palani Street: Rs 1,100 per sq.ft (2024)
• Palani Street Divyadas Nagar: Rs 1,100 per sq.ft (2024)
• Nethaji Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Padmanaban Nagar Jagirusan Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 Padmanaban Nagar Jagirusan Street?

The Sub Registrar Office that covers Padmanaban Nagar Jagirusan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential to be aware of the current guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Padmanaban Nagar Jagirusan Street?

The current guideline value of Padmanaban Nagar Jagirusan Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur is Rs 1,320 per sq.ft, with Padmanaban Nagar Jagirusan Street's 2024 value being above this median.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Padmanaban Nagar Jagirusan Street?

The Pammal Sub Registrar Office handles registrations for Padmanaban Nagar Jagirusan Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.