Guideline Value

Corporate

Guideline Value for Pathmavathi Nagar

₹1980/sq.ft.

The guideline value for Pathmavathi Nagar in Chikkarayapuram village (Kunrathur SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chikkarayapuram

Village

Kunrathur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹45 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Pathmavathi Nagar guideline value

The current guideline value of Pathmavathi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Chikkarayapuram village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Pathmavathi Nagar has changed

The guideline value for Pathmavathi Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 45 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007. Following that, it saw a substantial rise to Rs 1,400 per sq.ft in 2012, but then decreased to Rs 938 per sq.ft in 2017. The value rose again to Rs 1,800 per sq.ft in 2023, and the latest revision for 2024 set it at Rs 1,980 per sq.ft. The register has no figure for this street in 2002.

In terms of percentage changes, the guideline value increased by 344% from 2003 to 2007, followed by a 600% rise from 2007 to 2012. There was a decrease of 33% from 2012 to 2017, but then it surged by 92% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 4300%.

Guideline values in Chikkarayapuram

In Chikkarayapuram village, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, which is equal to the guideline value of Pathmavathi Nagar.

Stamp duty and registration fee for property in Pathmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Please 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 further calculations.

Which Sub Registrar Office covers Pathmavathi Nagar?

The Sub Registrar Office that covers Pathmavathi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Chikkarayapuram. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they are not overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value of Pathmavathi Nagar?

The current guideline value of Pathmavathi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 4300%.

What is the land classification of Pathmavathi Nagar?

Pathmavathi Nagar is classified as Mixed Special Type - I.

Where can I find the Sub Registrar Office for Pathmavathi Nagar?

The Sub Registrar Office for Pathmavathi Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Pathmavathi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 1,38,600.