Guideline Value for Pakiya Nagar

Pakiya Nagar guideline value

The current guideline value of Pakiya Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam B village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pakiya Nagar has changed

The guideline value for Pakiya Nagar has remained stable at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, marking a 49% increase when compared to the 2023 and 2024 figures.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Katrampakkam B

Katrampakkam B village has 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in this area is Rs 275 per sq.ft, positioning Pakiya Nagar's 2024 figure above that median.

• Pallavan Nagar: Rs 500 per sq.ft (2024)
• Perumal Koil Street: Rs 250 per sq.ft (2024)
• New Bank of India Colony: Rs 300 per sq.ft (2024)
• Poongavanaththamman Koil Street: Rs 250 per sq.ft (2024)
• Naari Kazhani Street: Rs 150 per sq.ft (2024)
• Quidemillath Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Pakiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pakiya Nagar?

The Sub Registrar Office that covers Pakiya 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Katrampakkam B. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value to ensure compliance with the registration requirements. This value serves as a benchmark for the legal documentation and financial obligations associated with property transfers.

Frequently asked questions

What is the current guideline value of Pakiya Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in the following revisions, marking a 49% increase overall.

What is the land classification of Pakiya Nagar?

Pakiya Nagar is classified as Residential Class II Type - I, indicating its designation for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur total fees of Rs 27,000.

Where is the Sub Registrar Office for Pakiya Nagar located?

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