Guideline Value for Pakavathi Avenue

Pakavathi Avenue guideline value

The current guideline value of Pakavathi Avenue is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pakavathi Avenue has changed

The guideline value for Pakavathi Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. In the following revisions, the value remained unchanged at Rs 700 per sq.ft in both 2023 and 2024, indicating a 49% increase from the 2017 figure to the 2023 figure, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, with values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making Pakavathi Avenue's 2024 figure equal to this median.

• Om Sakthi Nagar: Rs 700 per sq.ft (2024)
• Pattu nool Chatram: Rs 700 per sq.ft (2024)
• Nuzurath Nagar: Rs 700 per sq.ft (2024)
• N.S.K. Nagar: Rs 700 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)
• N.G.O Colony IV th street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pakavathi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Pakavathi Avenue?

The Sub Registrar Office covering Pakavathi Avenue 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 Sriperumbudur A

The guideline value plays a crucial role in the registration process of property transactions in Sriperumbudur A. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you register a property, the guideline value is used to calculate the applicable charges, ensuring that the fees reflect the official value of the property as determined by the registration department.

Frequently asked questions

What is the current guideline value of Pakavathi Avenue?

The current guideline value of Pakavathi Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What are the other streets with the same guideline value in Sriperumbudur A?

Other streets in Sriperumbudur A with the same guideline value of Rs 700 per sq.ft include Om Sakthi Nagar, Pattu nool Chatram, Nuzurath Nagar, and N.S.K. Nagar.

What is the stamp duty rate for properties in Pakavathi Avenue?

The stamp duty rate for properties in Pakavathi Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pakavathi Avenue?

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