Guideline Value for Pathmanaban Street

Pathmanaban Street guideline value

The current guideline value of Pathmanaban Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pathmanaban Street has changed

The guideline value for Pathmanaban Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision when it decreased to Rs 804 per sq.ft, marking a decline of 33%. Following this, the value significantly increased to Rs 1,200 per sq.ft in the 2023 revision, and then further rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for Pathmanaban Street.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that the guideline value for Pathmanaban Street is below this median.

• Perarinjar Anna Street: Rs 1,320 per sq.ft (2024)
• Parijadham Street: Rs 1,100 per sq.ft (2024)
• Perumal Koil Street: Rs 1,320 per sq.ft (2024)
• P.M.D. Nagar: Rs 1,650 per sq.ft (2024)
• P.M.D. Nagar 1St Street: Rs 1,650 per sq.ft (2024)
• P.M.D. Nagar 2St Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pathmanaban Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pathmanaban Street?

The Sub Registrar Office that covers Pathmanaban Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers often use this value to negotiate the sale price, ensuring that it is in line with the established guideline rates.

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

Frequently asked questions

What is the current guideline value of Pathmanaban Street?

The current guideline value of Pathmanaban Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Peerklankaranai?

The median guideline value for streets in Peerklankaranai is Rs 1,650 per sq.ft, indicating that Pathmanaban Street's current value is below this median.

What are the stamp duty and registration fees for Pathmanaban Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000, with a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for Pathmanaban Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Pathmanaban Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.