Guideline Value for Pangajam Street

Pangajam Street guideline value

The current guideline value of Pangajam Street is Rs 1,000 per sq.ft. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, classified as Residential Class III Type - I.

How the guideline value of Pangajam Street has changed

The guideline value for Pangajam Street has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,000 per sq.ft, unchanged from the 2023 revision. The 2017 revision recorded a guideline value of Rs 670 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and a cumulative increase of 49% from 2017 to 2024.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the changes noted are strictly between the years where figures are provided.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Pangajam Street's 2024 figure below this median.

• Parthasarathy Avenue: Rs 1,000 per sq.ft (2024)
• Periyar Ramaswamy Street: Rs 1,200 per sq.ft (2024)
• Om Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• N.G.O. colony: Rs 2,001 per sq.ft (2024)
• Poonga Street: Rs 1,500 per sq.ft (2024)
• Nethaji Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pangajam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% is Rs 70,000, and the registration fee at 2% is Rs 20,000, bringing the total fees together to Rs 90,000. It is important to note that 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 Pangajam Street?

The Sub Registrar Office covering Pangajam Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Gooduvancheri. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When a property is sold, the guideline value helps in determining the legal documentation required for the transaction. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pangajam Street?

The current guideline value of Pangajam Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent changes noted in 2024, 2023, and 2017, showing variations in the value over the years.

What was the guideline value in 2017?

The guideline value for Pangajam Street in 2017 was Rs 670 per sq.ft. This figure reflects a significant increase in subsequent revisions.

Are there any years without a guideline value for Pangajam Street?

Yes, the register has no figures for Pangajam Street for the years 2002, 2003, 2007, and 2012.

Where can I find the registration office for properties in Gooduvancheri?

The registration office for properties in Gooduvancheri is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.