Guideline Value for Pattancheri Road

Pattancheri Road guideline value

The current guideline value of Pattancheri Road is Rs 700 per sq.ft, effective from 1 July 2024. This road is located in Uthiramerur village, under the Uthiramerur Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Pattancheri Road has changed

The guideline value for Pattancheri Road has undergone several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a rise of 600%. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, a change of -33%. The value then increased to Rs 700 per sq.ft in 2023 and remained the same in the 2024 revision, showing no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 600%, reflecting the changes in the area over time.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Pattancheri Road is below this median.

• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)
• pattancheri West Street: Rs 700 per sq.ft (2024)
• Pattancheri East Street: Rs 700 per sq.ft (2024)
• Pattancheri: 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 Road

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pattancheri Road?

The Sub Registrar Office that covers Pattancheri Road is 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 in the registration process for property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted at a value recognized by the government. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Pattancheri Road?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, increasing from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreasing to Rs 469 per sq.ft in 2017, before stabilizing at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Pattancheri Road?

The land classification for Pattancheri Road is Residential Class III Type - I, indicating its use for residential purposes.

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.

How is stamp duty calculated for properties in Pattancheri Road?

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 rate, the total stamp duty and registration fees would amount to Rs 63,000.