Guideline Value for Pandian Nagar

Pandian Nagar guideline value

The current guideline value of Pandian Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pandian Nagar has changed

The guideline value for Pandian Nagar has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,500 per sq.ft. This figure was revised to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Puthagaram

In Puthagaram village, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, placing Pandian Nagar's 2024 figure below that median.

• Pattammal Nagar: Rs 1,600 per sq.ft (2024)
• Padma Nagar Extn.: Rs 1,800 per sq.ft (2024)
• Padma Nagar: Rs 1,800 per sq.ft (2024)
• Padmanaba Nagar: Rs 1,600 per sq.ft (2024)
• Perumal Nagar: Rs 1,600 per sq.ft (2024)
• Perumal Nagar Anex: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total Rs 1,44,000. 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 Pandian Nagar?

The Sub Registrar Office that covers Pandian Nagar is 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 Puthagaram

The guideline value is a crucial factor when registering property transactions in Puthagaram. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for any property transfer. Buyers and sellers must ensure that the sale price is in accordance with the guideline value to avoid discrepancies during registration.

When a property is bought or sold, the guideline value helps determine the legal and financial obligations of the parties involved. It ensures transparency in the transaction process and aids in the assessment of taxes owed to the government.

Frequently asked questions

What is the current guideline value of Pandian Nagar?

The current guideline value of Pandian Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the median guideline value in Puthagaram?

The median guideline value for the 140 streets in Puthagaram is Rs 1,900 per sq.ft, which is higher than the current value of Pandian Nagar.

What are the stamp duty rates for property in Pandian Nagar?

The stamp duty rate for property transactions in Pandian Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pandian Nagar located?

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