Guideline Value for Pananthoppu Railway Colony

Pananthoppu Railway Colony guideline value

The current guideline value of Pananthoppu Railway Colony is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Siruvallur village and falls under the Sembiam SRO. The land classification is Residential Class III Type - I.

How the guideline value of Pananthoppu Railway Colony has changed

The guideline value for Pananthoppu Railway Colony has seen several revisions over the years. In 2002, the guideline value was Rs 284 per sq.ft, which increased to Rs 312 per sq.ft in 2003. Following that, there was a significant rise to Rs 1,000 per sq.ft in 2007, and then it further increased to Rs 1,800 per sq.ft in 2012. However, between 2012 and 2017, the value dropped to Rs 1,206 per sq.ft. The most recent revisions show an increase to Rs 1,800 per sq.ft in 2023, and currently, it stands at Rs 1,900 per sq.ft from July 2024.

In terms of percentage changes, the guideline value increased by 10% from 2002 to 2003, followed by a remarkable 221% rise from 2003 to 2007. The value then increased by 80% from 2007 to 2012, but it saw a decline of 33% from 2012 to 2017. From 2017 to 2023, there was a 49% increase, and the latest revision from 2023 to 2024 reflects a 6% rise. Overall, from 2002 to 2024, the guideline value has increased by 569%.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median for these streets is Rs 1,900 per sq.ft, which is equal to the current figure for Pananthoppu Railway Colony.

• Paper Mills Road: Rs 6,600 per sq.ft (2024)
• Paper Mills Road 1nd Lane: Rs 3,300 per sq.ft (2024)
• Paper Mills Road 2nd Lane: Rs 3,300 per sq.ft (2024)
• Palavoyal Street: Rs 1,900 per sq.ft (2024)
• Park Lane Street: Rs 1,900 per sq.ft (2024)
• Park Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Pananthoppu Railway Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost for these fees to Rs 1,71,000. Please note that 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 Pananthoppu Railway Colony?

The Sub Registrar Office covering Pananthoppu Railway Colony is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Siruvallur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. These fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, buyers must ensure that the guideline value is accurately reflected in their documentation. This ensures compliance with local regulations and helps avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Pananthoppu Railway Colony?

The current guideline value of Pananthoppu Railway Colony is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 284 per sq.ft in 2002 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 569% over the years.

What is the land classification for Pananthoppu Railway Colony?

Pananthoppu Railway Colony is classified as Residential Class III Type - I.

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

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Where is the Sub Registrar Office for Pananthoppu Railway Colony located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.