Guideline Value for Pattancheri East Street

Pattancheri East Street guideline value

The current guideline value of Pattancheri East Street is Rs 202 per sq.ft, effective from 1 July 2024. This street is located in Neeradi village and falls under the Uthiramerur SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Pattancheri East Street has changed

The guideline value for Pattancheri East Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 200 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a 49% increase. The latest revision in 2024 has set the guideline value at Rs 202 per sq.ft, reflecting a 1% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Pattancheri East Street in the register. Overall, the guideline value has seen a slight increase of 1% from 2012 to 2024.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 350 per sq.ft. The median value of these streets is Rs 202 per sq.ft, which is equal to the guideline value of Pattancheri East Street.

• Pattancheri: Rs 202 per sq.ft (2024)
• Pattancherri Endathur Road: Rs 300 per sq.ft (2024)
• Pattancherri Merku Street: Rs 250 per sq.ft (2024)
• Pattancherri Road: Rs 250 per sq.ft (2024)
• New Vetri Nagar: Rs 201 per sq.ft (2024)
• Neeradi West Street: Rs 202 per sq.ft (2024)

Stamp duty and registration fee for property in Pattancheri East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 202 per sq.ft, the total guideline value amounts to Rs 2,02,000. The stamp duty at 7% would be Rs 14,140, and the registration fee at 2% would be Rs 4,040, bringing the total to Rs 18,180. Please note that the 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 Pattancheri East Street?

The Pattancheri East Street falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Neeradi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the official worth of the property. This value is used by the registration office to assess the applicable fees, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Pattancheri East Street?

The current guideline value of Pattancheri East Street is Rs 202 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 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 202 per sq.ft in 2024.

What is the land classification for Pattancheri East Street?

The land classification for Pattancheri East Street is Residential Special Type - IV.

What are the other streets in Neeradi with their guideline values?

Other streets in Neeradi have varying guideline values, with Pattancheri at Rs 202 per sq.ft, Pattancherri Endathur Road at Rs 300 per sq.ft, and others ranging from Rs 201 to Rs 350 per sq.ft.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.