Guideline Value for Pandara Street (Pookarar Street)

Pandara Street (Pookarar Street) guideline value

The current guideline value of Pandara Street (Pookarar Street) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pandara Street (Pookarar Street) has changed

The guideline value of Pandara Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 313%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 5,500 per sq.ft, reflecting an increase of 64% from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 355%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Pandara Street's 2024 figure above this median.

• Pannaia Maesthri Street Block 76: Rs 3,300 per sq.ft (2024)
• Panneer Selvam Road R.S.No.55 (Part): Rs 7,000 per sq.ft (2024)
• Pammal Nallathambi Street: Rs 3,300 per sq.ft (2024)
• Pallavan Salai (Street): Rs 4,900 per sq.ft (2024)
• Park Circle Colony: Rs 2,700 per sq.ft (2024)
• Parri Nagar, Cheran Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pandara Street (Pookarar Street)

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pandara Street (Pookarar Street)?

The Sub Registrar Office covering Pandara Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of properties in Kodambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. The higher of the guideline value and the sale price is considered for calculating duties and fees, which is a standard practice in property transactions.

Frequently asked questions

What is the current guideline value of Pandara Street (Pookarar Street)?

The current guideline value of Pandara Street (Pookarar Street) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing a significant overall increase of 355% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value for the 1,031 streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft, with Pandara Street's value above this median.

What are the stamp duty and registration fees for properties in Pandara Street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office for Pandara Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.