Guideline Value for Pandian Nagar

Pandian Nagar guideline value

The current guideline value of Pandian Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vallam village under the Chengleput Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Pandian Nagar has changed

Over the years, the guideline value of Pandian Nagar has seen several revisions. The earliest available figure is from 2007, where the value was Rs 180 per sq.ft. This value rose significantly to Rs 1,000 per sq.ft in 2012, marking an increase of 456%. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the 2024 revision also holds this value, showing no change from the previous year.

Notably, the revisions for the years 2002 and 2003 do not have any figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 456%.

Guideline values in Vallam

In Vallam, there are 30 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 750 to Rs 1,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Pandian Nagar's 2024 figure aligns with this median.

• Preethi Nagar: Rs 850 per sq.ft (2024)
• Nehru Nagar: Rs 1,000 per sq.ft (2024)
• Narayana Avenue: Rs 1,000 per sq.ft (2024)
• Muthamizh Nagar: Rs 1,000 per sq.ft (2024)
• Rajarathinapuram: Rs 1,000 per sq.ft (2024)
• Rajeswari Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 detailed calculations.

Which Sub Registrar Office covers Pandian Nagar?

Pandian Nagar falls under the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Vallam. It serves as a reference point for determining the stamp duty and registration fees applicable on property transactions. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the fees based on the property's value. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of Pandian Nagar?

The current guideline value of Pandian Nagar is Rs 1,000 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 180 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017. It has remained at Rs 1,000 per sq.ft since 2023.

What is the land classification of Pandian Nagar?

Pandian Nagar is classified as Residential Special Type - I under the Chengleput Joint I SRO.

Where can I find the Sub Registrar Office for Pandian Nagar?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pandian Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 90,000.