Guideline Value for Pandiyan Nagar

Pandiyan Nagar guideline value

The current guideline value of Pandiyan Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Pandiyan Nagar has changed

The guideline value for Pandiyan Nagar has seen several revisions over the years. In 2003, the value was Rs 126 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007, marking a rise of approximately 297%. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 300%. However, it dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has increased to Rs 2,160 per sq.ft in 2024, an increase of 8%.

Overall, from 2003 to 2024, the guideline value has increased by 1,614%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Pandiyan Nagar's 2024 figure below that median.

• Parri Colony: Rs 2,530 per sq.ft (2024)
• Pallavarm Thuraipakkam Radieal Road: Rs 3,300 per sq.ft (2024)
• Pallavaram Duraipakkam Link Road (200 Feet Road): Rs 3,300 per sq.ft (2024)
• Pallavan Nagar 1 To 3 Cross Street: Rs 1,980 per sq.ft (2024)
• Pallavan Nagar: Rs 1,980 per sq.ft (2024)
• Pattammal Colony: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pandiyan Nagar?

The Sub Registrar Office that covers Pandiyan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When you approach the Sub Registrar Office for registration, the guideline value will be used to calculate the stamp duty and registration fees based on the property’s assessed value. This ensures that all transactions are transparent and comply with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Pandiyan Nagar?

The current guideline value of Pandiyan Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 126 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, showing an overall increase of 1,614% over this period.

What is the land classification of Pandiyan Nagar?

Pandiyan Nagar is classified as Residential Class III Type - I.

Where is the Sub Registrar Office for Pandiyan Nagar located?

The Sub Registrar Office for Pandiyan Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pandiyan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 21,60,000 would incur a stamp duty of Rs 1,51,200 at 7%.