Guideline Value for Pattai Street

Pattai Street guideline value

The current guideline value of Pattai Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class I Type - II.

How the guideline value of Pattai Street has changed

The guideline value for Pattai Street has remained consistent at Rs 800 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision set the value at Rs 536 per sq.ft, marking a significant increase of 49% over the six years leading up to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value is Rs 600 per sq.ft, placing Pattai Street's 2024 figure above this median.

• Paventhar Bharathidasan Street: Rs 600 per sq.ft (2024)
• Pavodum Santhu: Rs 800 per sq.ft (2024)
• Periya Street Mangalam: Rs 600 per sq.ft (2024)
• Periy Street: Rs 600 per sq.ft (2024)
• Pidari koil street: Rs 600 per sq.ft (2024)
• Pillayar Koil St: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pattai Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pattai Street?

The Sub Registrar Office that covers Pattai Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration of property. Buyers and sellers should be aware that the guideline value is used to assess the official value of the property, which is essential for legal and financial purposes.

When a property is sold, the registration office will refer to the guideline value to calculate the applicable fees. It is important for both parties to understand this value to ensure compliance with local regulations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Pattai Street?

The current guideline value of Pattai Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to 2023, the guideline value increased by 49%. It remained unchanged at Rs 800 per sq.ft from 2023 to 2024.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, with Pattai Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Pattai Street?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 72,000.

Which office handles registrations for Pattai Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Pattai Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.