Guideline Value for Pandiyaraj Street

Pandiyaraj Street guideline value

The current guideline value of Pandiyaraj Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and falls under the Residential Class IV Type - II land classification.

How the guideline value of Pandiyaraj Street has changed

The guideline value for Pandiyaraj Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 900 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 603 per sq.ft, marking a decline of 33%. Following this, the guideline value increased significantly to Rs 900 per sq.ft in 2023, and then further rose to the current value of Rs 950 per sq.ft in 2024, reflecting a 6% increase.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for Pandiyaraj Street. Overall, the guideline value has increased by 6% from the 2012 revision to the current 2024 revision.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, which means that the guideline value of Pandiyaraj Street is below this median.

• Park Street Bharathiyar Nagar: Rs 1,600 per sq.ft (2024)
• Park Street Selaiyur: Rs 1,600 per sq.ft (2024)
• Palaiyathan Street: Rs 1,600 per sq.ft (2024)
• Palaiyathaman Street: Rs 950 per sq.ft (2024)
• Pattai Street: Rs 3,750 per sq.ft (2024)
• Pattel Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pandiyaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty, charged at 7%, would amount to Rs 66,500, while the registration fee at 2% would be Rs 19,000. Together, the total cost for stamp duty and registration would be Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pandiyaraj Street?

The Sub Registrar Office that covers Pandiyaraj Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When buying or selling property in Selaiyur, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should consider the guideline value to understand the potential costs involved in registration and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pandiyaraj Street?

The current guideline value of Pandiyaraj Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Pandiyaraj Street?

Pandiyaraj Street is classified as Residential Class IV Type - II.

Where can I find information about other streets in Selaiyur?

Information about other streets in Selaiyur, including their guideline values, can be found in the Selaiyur SRO records.

What are the fees associated with property registration in Pandiyaraj Street?

The fees for property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.