Guideline Value for Pattachari Street

Pattachari Street guideline value

The current guideline value of Pattachari Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pattachari Street has changed

Over the years, the guideline value of Pattachari Street has seen several revisions. In 2002, the guideline value was Rs 522 per sq.ft. This increased to Rs 586 per sq.ft in 2003, marking a change of +12%. The value then rose significantly to Rs 1,200 per sq.ft in 2007, reflecting an increase of +105%. Following this, the value continued to rise to Rs 4,500 per sq.ft in 2012, which was a substantial increase of +275%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, showing a decline of -33%. The value then increased again to Rs 4,500 per sq.ft in 2023, and most recently, it has been revised to Rs 4,900 per sq.ft in 2024, which is a change of +9%.

Overall, from 2002 to 2024, the guideline value has increased by +839%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value of Pattachari Street.

• Parthasarathy Pillai Street: Rs 4,900 per sq.ft (2024)
• Parthasarathy Pillai Ist lane: Rs 4,900 per sq.ft (2024)
• Parthasarathy Pillai 2nd lane: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil West Mada Street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil street: Rs 4,900 per sq.ft (2024)
• Parasurama Eswaran koil North Mada street Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Pattachari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pattachari Street?

The Sub Registrar Office that covers Pattachari Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ayanavaram. It is used to determine the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating these fees.

When registering a property, the guideline value ensures that the transaction is recorded at a standardized value, which helps maintain transparency in property dealings. This value is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Pattachari Street?

The current guideline value of Pattachari Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 522 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, representing an overall increase of +839% over the years.

What is the land classification for Pattachari Street?

Pattachari Street is classified as Residential Class I Type - III, which indicates its designation for residential use.

Where can I find the Sub Registrar Office for Pattachari Street?

The Sub Registrar Office for Pattachari Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Pattachari Street?

Stamp duty for properties in Pattachari Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,43,000 at the current guideline value.