Guideline Value for Panjanga Iyyar Street

Panjanga Iyyar Street guideline value

The current guideline value of Panjanga Iyyar Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Panjanga Iyyar Street has changed

The guideline value for Panjanga Iyyar Street has seen significant changes over the years. In the 2007 revision, the value was Rs 386 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, this was a decrease of 33% from the previous revision. The value then rose to Rs 536 per sq.ft in 2017, marking an increase of 107% from 2012. The most notable change occurred between 2017 and 2023, where the value jumped to Rs 1,500 per sq.ft, reflecting a substantial increase of 180%. The 2024 revision maintained the same rate as 2023, with no change of 0%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 289%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value is Rs 800 per sq.ft, positioning Panjanga Iyyar Street's 2024 figure above this median.

• ParuththiKollai: Rs 401 per sq.ft (2024)
• Parvadharajakulath street @ Sembada street: Rs 1,000 per sq.ft (2024)
• Parveli Sandhu: Rs 1,500 per sq.ft (2024)
• Pattancheri: Rs 700 per sq.ft (2024)
• Pattancheri East Street: Rs 700 per sq.ft (2024)
• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Panjanga Iyyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Panjanga Iyyar Street?

The Sub Registrar Office covering Panjanga Iyyar Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Uthiramerur. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the official value of the property for registration purposes. This value is used to assess the applicable taxes and fees, which are essential for ensuring a smooth transaction process.

Frequently asked questions

What is the current guideline value of Panjanga Iyyar Street?

The current guideline value of Panjanga Iyyar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 386 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, with various increases and a decrease observed in the intervening years.

What is the registration office for Panjanga Iyyar Street?

The registration office for Panjanga Iyyar Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

What is the stamp duty rate applicable in Uthiramerur?

The stamp duty rate applicable in Uthiramerur is 7%, which is calculated based on the higher of the guideline value or the sale price of the property.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property by using the stamp duty and registration fee calculator, which will provide you with the necessary information based on the guideline value.