Guideline Value for Pandidurai Street

Pandidurai Street guideline value

The current guideline value of Pandidurai Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Pandidurai Street has changed

The guideline value for Pandidurai Street has undergone several revisions over the years. The earliest available revision is from 2012, which set the value at Rs 3,500 per sq.ft. The most recent revision in 2024 increased this figure to Rs 3,850 per sq.ft, marking a change of +10% from the 2012 revision.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only available values are from 2012 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Pandidurai Street's current value below this median.

• Pandiyan Street: Rs 3,850 per sq.ft (2024)
• Pandiyan Street/Sankaran Nair Avenue: Rs 3,850 per sq.ft (2024)
• Panchatcharam Nagar: Rs 3,850 per sq.ft (2024)
• Parameshwaran Street: Rs 3,850 per sq.ft (2024)
• Pallipattu Main Road: Rs 3,850 per sq.ft (2024)
• Parasuraman Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Pandidurai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total charges to Rs 3,46,500. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more assistance.

Which Sub Registrar Office covers Pandidurai Street?

The Sub Registrar Office that covers Pandidurai Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further information.

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

The guideline value is an essential factor during the registration of property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable on the property being bought or sold.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pandidurai Street?

The current guideline value of Pandidurai Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pandidurai Street was Rs 3,500 per sq.ft in 2012 and increased to Rs 3,850 per sq.ft in 2024, representing a change of +10%.

Are there any revisions without figures for Pandidurai Street?

Yes, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for Pandidurai Street.

What is the registration fee for property in Pandidurai Street?

The registration fee for property in Pandidurai Street is calculated at 2% of the guideline value. For example, if the guideline value is Rs 38,50,000, the registration fee would be Rs 77,000.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can also find your SRO using the provided link.