Guideline Value for Pattancheri East Street

Pattancheri East Street guideline value

The current guideline value of Pattancheri East Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class III Type - I.

How the guideline value of Pattancheri East Street has changed

The guideline value for Pattancheri East Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2012 revision. However, in 2017, the value dropped to Rs 469 per sq.ft. The 2023 revision maintained the value at Rs 700 per sq.ft, which remained unchanged in the 2024 revision.

Notably, there are no figures available for the revisions in 2002 and 2003. The changes between the revisions indicate a 600% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023, with no change from 2023 to 2024.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Pattancheri East Street's 2024 figure below this median.

• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)
• Pattancheri: Rs 700 per sq.ft (2024)
• Pattancheri Road: Rs 700 per sq.ft (2024)
• pattancheri West Street: Rs 700 per sq.ft (2024)
• Pattangulam: Rs 401 per sq.ft (2024)
• Pavodum Thoppu Theru: Rs 1,000 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 jurisdiction of 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 Uthiramerur

The guideline value is a crucial factor during property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of these values to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Pattancheri East Street?

The current guideline value of Pattancheri East Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, dropping to Rs 469 per sq.ft in 2017, and returning to Rs 700 per sq.ft in 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Pattancheri East Street's 2024 figure being below this median.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Uthiramerur Sub Registrar Office located?

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