Guideline Value for Pathrakaliamman Nagar

Pathrakaliamman Nagar guideline value

The current guideline value of Pathrakaliamman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pullilyon village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Pathrakaliamman Nagar has changed

The guideline value for Pathrakaliamman Nagar has undergone several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, there was a decrease to Rs 268 per sq.ft in 2017. The value then rose significantly to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw an increase of 10%. Overall, from the 2007 revision to the 2024 revision, there has been a total increase of 120% in the guideline value.

Guideline values in Pullilyon

In Pullilyon village, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. Pathrakaliamman Nagar's current guideline value is below this median.

• Parivallal Nagar: Rs 440 per sq.ft (2024)
• Papparappattu Perumal Koil Street: Rs 440 per sq.ft (2024)
• Perumal Koil Street: Rs 440 per sq.ft (2024)
• N.R. Swamy Nagar: Rs 550 per sq.ft (2024)
• Pudhu Nagar 1st Street: Rs 770 per sq.ft (2024)
• Pudhu Nagar 2nd Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Pathrakaliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pathrakaliamman Nagar?

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

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

The guideline value plays a crucial role during property registration in Pullilyon. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps in maintaining transparency and standardization in property transactions. It ensures that the government receives appropriate revenue from property sales and helps buyers and sellers understand the value of their transactions.

Frequently asked questions

What is the current guideline value of Pathrakaliamman Nagar?

The current guideline value of Pathrakaliamman Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, marking an overall increase of 120% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles property registrations in Pathrakaliamman Nagar?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring transparency and standardization in the process.