Guideline Value for Pattala Street

Pattala Street guideline value

The current guideline value of Pattala Street is Rs 1,430 per sq.ft. This street is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class I Type - II.

How the guideline value of Pattala Street has changed

In the 2007 revision, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a growth of 225%. However, in the 2017 revision, the value dropped to Rs 871 per sq.ft, a decrease of 33%. The next revision in 2023 saw a rise to Rs 1,300 per sq.ft, and the current 2024 revision has further increased it to Rs 1,430 per sq.ft, reflecting a 10% increase.

There are no figures available for Pattala Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 258%.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making Pattala Street's 2024 figure above that median.

• North Mada Street: Rs 1,650 per sq.ft (2024)
• Puniyakoteeswarar Koil Street: Rs 800 per sq.ft (2024)
• Punniyakoteeswarar Koil Mada Veethi: Rs 880 per sq.ft (2024)
• Nemanthakara Street: Rs 880 per sq.ft (2024)
• Naina Pillai Street: Rs 880 per sq.ft (2024)
• Munram Thiruvizha Mandapam Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Pattala Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, while the registration fee at 2% would be Rs 28,600, leading to a total of Rs 1,28,700. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Pattala Street?

The Kanchipuram Joint IV Sub Registrar Office covers Pattala Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ist Division, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value helps in maintaining the integrity of property transactions in the region.

Frequently asked questions

What is the current guideline value of Pattala Street?

The current guideline value of Pattala Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 400 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, marking an overall increase of 258%.

What is the land classification of Pattala Street?

Pattala Street is classified as Residential Class I Type - II under the Kanchipuram Joint IV SRO.

Where can I find the registration office for Pattala Street?

The registration office for Pattala Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pattala Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,00,100.