Guideline Value for Pandian Street

Pandian Street guideline value

The current guideline value of Pandian Street in Anakaputhur village, under the Pammal SRO, is Rs 2,350 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class III Type - I.

How the guideline value of Pandian Street has changed

The guideline value for Pandian Street has seen significant changes over the years. In the 2003 revision, the value was Rs 156 per sq.ft, which increased to Rs 210 per sq.ft in 2007, marking a 35% increase. The value then surged dramatically to Rs 1,407 per sq.ft in 2017, representing a remarkable 570% rise. Following this, the 2023 revision set the value at Rs 2,099 per sq.ft, a 49% increase from the previous revision. The latest revision for 2024 has raised the guideline value to Rs 2,350 per sq.ft, reflecting a 12% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for Pandian Street. Overall, from 2003 to 2024, the guideline value has increased by 1,406%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Pandian Street's 2024 value above this median.

• Pari Nagar: Rs 2,350 per sq.ft (2024)
• Pari Nagar Lakshmi Cross Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Lakshmi Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 1st Cross street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandian Street?

The Sub Registrar Office that covers Pandian Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pandian Street?

The current guideline value of Pandian Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pandian Street has increased significantly from Rs 156 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, representing an overall increase of 1,406%.

What are the stamp duty and registration fees for property in Pandian Street?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which office handles property registrations for Pandian Street?

The Pammal Sub Registrar Office handles property registrations for Pandian Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Pandian Street?

The land classification for Pandian Street is Residential Class III Type - I, indicating its use for residential purposes.