Guideline Value for Pangajapuram

Pangajapuram guideline value

The current guideline value of Pangajapuram, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Pangajapuram has changed

Over the years, the guideline value for Pangajapuram has seen several revisions. The earliest recorded figure is from 2007, set at Rs 200 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 400%. However, in 2017, the value was adjusted to Rs 670 per sq.ft, which represented a decrease of 33%. The following revision in 2023 maintained the value at Rs 1,000 per sq.ft, and the current revision in 2024 continues this figure, showing no change from the previous year.

The overall change from the 2007 revision to the current 2024 revision reflects a substantial increase of 400%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value among these streets is Rs 1,000 per sq.ft, which aligns with the current guideline value for Pangajapuram.

• Pargavi Avenue: Rs 1,000 per sq.ft (2024)
• Pearl City: Rs 1,000 per sq.ft (2024)
• Pearl City Extn: Rs 1,000 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,000 per sq.ft (2024)
• Padmavathi Avenue (S.No.369/8): Rs 1,000 per sq.ft (2024)
• Padmavathi Avenue (S.No.226,228/1): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pangajapuram

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% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pangajapuram?

The Sub Registrar Office that covers Pangajapuram is the Gooduvancheri Sub Registrar Office. It is 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 Adhanoor

The guideline value plays a crucial role during the registration process of property transactions in Adhanoor. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on the official valuation of the property rather than the sale price alone.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial aspects of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Pangajapuram?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification of Pangajapuram?

Pangajapuram is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pangajapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 70,000.