Guideline Value for Pandiyan Street (Prakash Nagar)

Pandiyan Street (Prakash Nagar) guideline value

The current guideline value of Pandiyan Street (Prakash Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of Pandiyan Street (Prakash Nagar) has changed

The guideline value for Pandiyan Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. The 2023 revision marked an increase to Rs 2,200 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. Between 2012 and 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Pandiyan Street (Prakash Nagar) is above this median.

• Pandiyan Street (Pudur): Rs 2,400 per sq.ft (2024)
• Pandi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pandi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Pannerselvam Street: Rs 2,400 per sq.ft (2024)
• Pandalamman Street: Rs 1,400 per sq.ft (2024)
• Panagal Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan Street (Prakash Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total charges to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pandiyan Street (Prakash Nagar)?

The Sub Registrar Office that covers Pandiyan Street (Prakash 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 details.

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

The guideline value is a crucial factor in property transactions, as it serves as the basis for calculating stamp duty and registration fees. When buying or selling property in Oragadam, the guideline value is used to determine the official value of the property for registration purposes.

It is essential to be aware that the guideline value may differ from the sale price. Buyers and sellers must consider the guideline value when planning their transactions to ensure compliance with the regulations set by the registration authorities.

Frequently asked questions

What is the current guideline value of Pandiyan Street (Prakash Nagar)?

The current guideline value of Pandiyan Street (Prakash Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Pandiyan Street (Prakash Nagar)?

Pandiyan Street (Prakash Nagar) is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the registration office for Pandiyan Street (Prakash Nagar)?

The registration office for Pandiyan Street (Prakash Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Pandiyan Street (Prakash Nagar)?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.