Guideline Value for Panruti Main Road

Panruti Main Road guideline value

The current guideline value of Panruti Main Road is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Panruti Main Road has changed

Over the years, the guideline value of Panruti Main Road has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following this, the 2023 revision brought the value back to Rs 200 per sq.ft, which has been maintained in the 2024 revision.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, from the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft, with a median value of Rs 181 per sq.ft. The guideline value of Panruti Main Road is above this median.

• Palvaddi Street: Rs 181 per sq.ft (2024)
• Palnallur Road: Rs 181 per sq.ft (2024)
• PalliKooda Street: Rs 200 per sq.ft (2024)
• Palash: Rs 500 per sq.ft (2024)
• Peria Pallaiyathamman Street: Rs 181 per sq.ft (2024)
• Ragala Kanni Theru: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Panruti Main Road

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Panruti Main Road?

The Sub Registrar Office that covers Panruti Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor when registering a property in Mettupalayam. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Panruti Main Road?

The current guideline value of Panruti Main Road is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 200 per sq.ft since 2023, which is the same value as in 2012. The value dropped to Rs 134 per sq.ft in 2017 before returning to Rs 200 per sq.ft.

What is the land classification for Panruti Main Road?

Panruti Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Panruti Main Road?

The registration office for Panruti Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property in Mettupalayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000.