Guideline Value for Pappaiyan Pattai

Pappaiyan Pattai guideline value

The current guideline value of Pappaiyan Pattai is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Pappaiyan Pattai has changed

Looking at the historical revisions, the guideline value for Pappaiyan Pattai has seen several changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% increase from the previous revision. The register does not have figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33% in the guideline value, but from 2017 to 2023, it increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,239 per sq.ft. The median value among these streets is Rs 300 per sq.ft, placing Pappaiyan Pattai's guideline value below this median.

• Parijatham Poo Street: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Peyaridappadatha Manaipprivu: Rs 1,000 per sq.ft (2024)
• Pitchi Poo Street: Rs 300 per sq.ft (2024)
• P.K.Narasiman Nagar: Rs 600 per sq.ft (2024)
• Poovarasampoo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Pappaiyan Pattai

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pappaiyan Pattai?

The Sub Registrar Office that covers Pappaiyan Pattai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to assess the stamp duty and registration fees, which are essential costs in the transaction process. Understanding the guideline value helps both parties make informed decisions during the sale.

Frequently asked questions

What is the current guideline value of Pappaiyan Pattai?

The current guideline value of Pappaiyan Pattai is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pappaiyan Pattai has remained at Rs 200 per sq.ft since 2012, with a notable increase from Rs 134 per sq.ft in 2017. The value did not change from 2023 to 2024, indicating stability in recent years.

What is the land classification for Pappaiyan Pattai?

Pappaiyan Pattai is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pappaiyan Pattai?

The Sub Registrar Office for Pappaiyan Pattai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pappaiyan Pattai?

Stamp duty for properties in Pappaiyan Pattai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, making it essential for buyers to account for these costs in their budget.