Guideline Value

Corporate

Guideline Value for Pathmavathi Nagar

₹385/sq.ft.

The guideline value for Pathmavathi Nagar in Chendrampakkam village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chendrampakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹14 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 385 per sq.ft, effective from 1 July 2024. This area is located in Chendrampakkam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pathmavathi Nagar has changed

The guideline value for Pathmavathi Nagar has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 14 per sq.ft. This value significantly increased to Rs 300 per sq.ft in 2007, marking a rise of 2,043%. In 2012, the value remained at Rs 350 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision saw another increase to Rs 234 per sq.ft, followed by a substantial rise to Rs 350 per sq.ft in 2023, reflecting a 50% increase. The current revision in 2024 has set the guideline value at Rs 385 per sq.ft, representing a 10% increase from the 2023 figure.

It is important to note that there is no recorded guideline value for Pathmavathi Nagar in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 2,650%.

Guideline values in Chendrampakkam

In Chendrampakkam, there are 13 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 165 to Rs 385 per sq.ft. The median value for these streets is Rs 275 per sq.ft, and Pathmavathi Nagar's 2024 figure is above this median.

Stamp duty and registration fee for property in Pathmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, leading to a total of Rs 34,650. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pathmavathi Nagar?

The Sub Registrar Office that covers Pathmavathi Nagar is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chendrampakkam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration.

When registering a property, the guideline value is taken into account to calculate the applicable charges. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the local authority.

Frequently asked questions

What is the current guideline value of Pathmavathi Nagar?

The current guideline value of Pathmavathi Nagar is Rs 385 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 14 per sq.ft in 2003 to Rs 385 per sq.ft in 2024, which is a rise of 2,650% overall.

What is the median guideline value in Chendrampakkam?

The median guideline value in Chendrampakkam for 2024 is Rs 275 per sq.ft, with Pathmavathi Nagar's value being above this median.

What are the stamp duty and registration fees for a property in Pathmavathi Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,85,000. The stamp duty would be Rs 26,950, and the registration fee would be Rs 7,700, totaling Rs 34,650.

Which office handles registrations for Pathmavathi Nagar?

The Redhills Sub Registrar Office handles registrations for Pathmavathi Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.