Guideline Value for Pattancheri

Pattancheri guideline value

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

How the guideline value of Pattancheri has changed

Over the years, the guideline value for Pattancheri has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 134 per sq.ft. The value then increased significantly to Rs 200 per sq.ft in 2023, followed by a slight increase to Rs 202 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value saw a marginal increase of 1%.

Guideline values in Neeradi

In Neeradi, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 350 per sq.ft, with the median value being Rs 202 per sq.ft. Pattancheri's 2024 figure aligns with this median.

• Pattancheri East Street: 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

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 charges to Rs 18,180. It is important to note that 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?

The Sub Registrar Office that covers Pattancheri 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 Neeradi

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

During registration, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pattancheri?

The current guideline value of Pattancheri 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 back to Rs 200 per sq.ft in 2023, and finally to Rs 202 per sq.ft in 2024.

What is the registration office for Pattancheri?

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

How is stamp duty calculated for properties in Pattancheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 202 per sq.ft, the total guideline value would be Rs 2,02,000.

What is the land classification of Pattancheri?

Pattancheri is classified as Residential Special Type - IV, which is important for determining the appropriate uses and regulations for properties in the area.