Guideline Value for Pathmini Garden

Pathmini Garden guideline value

The current guideline value of Pathmini Garden, located in Nandhambakkam village under the Alandur SRO, is Rs 8,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Pathmini Garden has changed

Over the years, the guideline value of Pathmini Garden has seen significant changes. The 2007 revision set the guideline value at Rs 2,000 per sq.ft. This figure increased dramatically to Rs 7,500 per sq.ft in the 2012 revision, marking a rise of 275%. However, in the 2017 revision, the value decreased to Rs 5,025 per sq.ft, a drop of 33%. The 2023 revision raised it to Rs 7,500 per sq.ft again, and the most recent 2024 revision has set the value at Rs 8,300 per sq.ft, reflecting an increase of 11% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. The overall increase from the 2007 revision to the 2024 revision is a substantial 315%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Nandhambakkam

Nandhambakkam has a range of guideline values across its 76 streets under the Alandur SRO, with figures for 2024 ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median guideline value in this village is Rs 3,900 per sq.ft, placing Pathmini Garden's 2024 figure above that median.

• Poonthottam 2nd Street: Rs 3,300 per sq.ft (2024)
• Poonthottam 3rd Street: Rs 3,300 per sq.ft (2024)
• Poonthottam 4th Street: Rs 3,300 per sq.ft (2024)
• Poonthottam First Street: Rs 3,300 per sq.ft (2024)
• North Mada Veedhi: Rs 3,900 per sq.ft (2024)
• North Mada Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pathmini Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value amounts to Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total charges to Rs 7,47,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pathmini Garden?

The Sub Registrar Office that covers Pathmini Garden is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nandhambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws.

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

Frequently asked questions

What is the current guideline value of Pathmini Garden?

The current guideline value of Pathmini Garden is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 2,000 per sq.ft to Rs 8,300 per sq.ft in 2024, reflecting an overall increase of 315% over the years.

What are the other streets in Nandhambakkam and their guideline values?

Other streets in Nandhambakkam include Poonthottam 2nd, 3rd, 4th, and First Streets, all at Rs 3,300 per sq.ft, and North Mada Veedhi and North Mada Street, both at Rs 3,900 per sq.ft for 2024.

What fees are associated with buying property in Pathmini Garden?

When buying property in Pathmini Garden, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges would amount to Rs 7,47,000.

Where can I find the Sub Registrar Office for Pathmini Garden?

The Sub Registrar Office for Pathmini Garden is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.