Guideline Value for Panjatcharam Nagar

Panjatcharam Nagar guideline value

The current guideline value of Panjatcharam Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Panjatcharam Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 75 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a rise of 967%. However, it then decreased to Rs 603 per sq.ft in 2017, a drop of 25%. The value rose again to Rs 900 per sq.ft in 2023, an increase of 49%, and currently stands at Rs 990 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1220%.

Guideline values in Nandambakkam

Nandambakkam village has 94 streets under the Padappai SRO, with guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, and Panjatcharam Nagar's 2024 figure of Rs 990 per sq.ft is above this median.

• Pari Nagar: Rs 990 per sq.ft (2024)
• Pathima Nagar: Rs 770 per sq.ft (2024)
• Periya Colony: Rs 770 per sq.ft (2024)
• Periyar Nagar: Rs 990 per sq.ft (2024)
• Periyar Nagar Extension, Pillaiyar Koil Street: Rs 990 per sq.ft (2024)
• N.C.Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Panjatcharam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Panjatcharam Nagar?

The Sub Registrar Office that covers Panjatcharam Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nandambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Panjatcharam Nagar?

The current guideline value of Panjatcharam Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 75 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, which is an overall increase of 1220%.

What is the median guideline value for Nandambakkam streets?

The median guideline value for the streets in Nandambakkam is Rs 880 per sq.ft, with Panjatcharam Nagar's value being above this median at Rs 990 per sq.ft.

What are the stamp duty rates for properties in Panjatcharam Nagar?

The stamp duty for properties in Panjatcharam Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Panjatcharam Nagar?

The Sub Registrar Office for Panjatcharam Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.