Guideline Value for Pandi Street

Pandi Street guideline value

The current guideline value of Pandi Street in Ambattur village, under the Ambattur SRO, is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is classified as Mixed Type - I.

How the guideline value of Pandi Street has changed

In the 2012 revision, the guideline value was Rs 4,200 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 2,814 per sq.ft. Following this, the value increased significantly to Rs 4,200 per sq.ft in the 2023 revision, marking a 49% rise from the 2017 figure. The 2024 revision further increased the value to Rs 4,600 per sq.ft, reflecting a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 concerning Pandi Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, making Pandi Street's 2024 figure of Rs 4,600 per sq.ft above this median.

• Pannerselvam Cross Street: Rs 4,000 per sq.ft (2024)
• Pannerselvam Street: Rs 4,000 per sq.ft (2024)
• Pallam Street: Rs 6,600 per sq.ft (2024)
• Parthasarathy Street: Rs 4,000 per sq.ft (2024)
• Pak subramania Iyar Street: Rs 4,000 per sq.ft (2024)
• Pattammal Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pandi Street

For a 1,000 sq.ft plot at the current rate of Rs 4,600 per sq.ft, the guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, totaling Rs 4,14,000. 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 Pandi Street?

Pandi Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pandi Street?

The current guideline value of Pandi Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: from Rs 4,200 in 2012 to Rs 2,814 in 2017, then back to Rs 4,200 in 2023, and finally to Rs 4,600 in 2024.

What is the land classification of Pandi Street?

Pandi Street is classified as Mixed Type - I, which indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for Pandi Street?

The Ambattur Sub Registrar Office covers Pandi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 46,00,000, the stamp duty would be Rs 3,22,000 and the registration fee would be Rs 92,000.