Guideline Value for Pankajam ammal Nagar-(II)

Pankajam ammal Nagar-(II) guideline value

The current guideline value of Pankajam ammal Nagar-(II) is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Pankajam ammal Nagar-(II) has changed

Over the years, the guideline value for Pankajam ammal Nagar-(II) has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a 49% rise. The 2024 revision has maintained this value at Rs 1,500 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant at Rs 1,500 per sq.ft.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values 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, which is the same as the 2024 figure for Pankajam ammal Nagar-(II).

• Parameswari Nagar: Rs 1,500 per sq.ft (2024)
• Parasuraman Nagar: Rs 1,000 per sq.ft (2024)
• Pasupathy Nagar: Rs 1,200 per sq.ft (2024)
• Padmavathi Nagar Extn. 1 & 2: Rs 1,500 per sq.ft (2024)
• Padmavathi Nagar 1 & 2: Rs 1,500 per sq.ft (2024)
• Padma Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pankajam ammal Nagar-(II)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pankajam ammal Nagar-(II)?

The Sub Registrar Office that covers Pankajam ammal Nagar-(II) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government collects appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Pankajam ammal Nagar-(II)?

The current guideline value for Pankajam ammal Nagar-(II) 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 from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification of Pankajam ammal Nagar-(II)?

The land classification for Pankajam ammal Nagar-(II) is Residential Special Type - I.

What are the stamp duty and registration fees for property in Pankajam ammal Nagar-(II)?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 15,00,000. The stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Gooduvancheri Sub Registrar Office located?

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