Guideline Value for Pandiyan Theru

Pandiyan Theru guideline value

The current guideline value of Pandiyan Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pandiyan Theru has changed

The guideline value for Pandiyan Theru has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,800 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,980 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value in this area is Rs 2,310 per sq.ft, making the current value of Pandiyan Theru below this median.

• Panchayat Board Street: Rs 2,640 per sq.ft (2024)
• Pananchalai: Rs 1,650 per sq.ft (2024)
• Parameswari Nagar: Rs 1,980 per sq.ft (2024)
• Parvathi Nagar - I Road, I,II,III,IV Cross street, II,III Main Road: Rs 2,640 per sq.ft (2024)
• Parvathi Nagar, Nehru Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Anna Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyan Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost together to Rs 1,78,200. Please 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 further calculations.

Which Sub Registrar Office covers Pandiyan Theru?

The Sub Registrar Office covering Pandiyan Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is crucial during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable charges. If the sale price is higher than the guideline value, the duty is charged on the sale price instead. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Pandiyan Theru?

The current guideline value of Pandiyan Theru is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Pandiyan Theru?

Pandiyan Theru is classified as Residential Class III Type - I under the Padappai SRO.

Where can I find the registration office for Pandiyan Theru?

The registration office for Pandiyan Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How do I calculate stamp duty and registration fees for property in Pandiyan Theru?

To calculate the stamp duty and registration fees, you can use the guideline value. For example, a 1,000 sq.ft plot at Rs 1,980 per sq.ft would have a guideline value of Rs 19,80,000, leading to a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600.