Guideline Value for Pantheon Salai (Mainroad)

Pantheon Salai (Mainroad) guideline value

The current guideline value of Pantheon Salai (Mainroad) is Rs 18,100 per sq.ft. This street is located in Egmore village, under the Periamet SRO, and is classified as Commercial Special Type - II.

How the guideline value of Pantheon Salai (Mainroad) has changed

The guideline value for Pantheon Salai (Mainroad) has seen significant changes over the years. In 2002, the value was Rs 2,319 per sq.ft, which increased to Rs 3,960 per sq.ft in 2003, marking a 71% rise. The value continued to increase, reaching Rs 5,000 per sq.ft in 2007, a 26% increase from the previous revision. By 2012, the value was Rs 16,500 per sq.ft, reflecting a substantial 230% increase from 2007. However, it then decreased by 33% to Rs 11,055 per sq.ft in 2017. The value rose again to Rs 16,500 per sq.ft in 2023, and finally, it reached Rs 18,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 681%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, positioning Pantheon Salai (Mainroad) above this median.

• Pantheon Salai 3rd lane: Rs 13,500 per sq.ft (2024)
• Pantheon Salai 2nd lane: Rs 13,500 per sq.ft (2024)
• Pantheon Salai 1st lane: Rs 13,500 per sq.ft (2024)
• Parasu Pillai street: Rs 7,100 per sq.ft (2024)
• Pagam Pillai street: Rs 6,300 per sq.ft (2024)
• Pachiyappan College Hostel Street: Rs 13,500 per sq.ft (2024)

Stamp duty and registration fee for property in Pantheon Salai (Mainroad)

For a 1,000 sq.ft plot at the current guideline value of Rs 18,100 per sq.ft, the total guideline value amounts to Rs 1,81,00,000. The stamp duty at 7% would be Rs 12,67,000, and the registration fee at 2% would be Rs 3,62,000, bringing the total fees to Rs 16,29,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pantheon Salai (Mainroad)?

The Sub Registrar Office that covers Pantheon Salai (Mainroad) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the costs involved in the transaction. Buyers should ensure they are informed of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Pantheon Salai (Mainroad)?

The current guideline value of Pantheon Salai (Mainroad) is Rs 18,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 2,319 per sq.ft in 2002 to Rs 18,100 per sq.ft in 2024, reflecting an overall increase of 681% over this period.

What is the land classification of Pantheon Salai (Mainroad)?

Pantheon Salai (Mainroad) is classified as Commercial Special Type - II, indicating its commercial significance within the area.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 1,81,00,000, the stamp duty would be Rs 12,67,000, and the registration fee would be Rs 3,62,000, totaling Rs 16,29,000.

Where can I find the Sub Registrar Office for Pantheon Salai (Mainroad)?

The Sub Registrar Office for Pantheon Salai (Mainroad) is located at 1103, Poonamallee High Road, Chennai-600 003. You can find more details online.