Guideline Value for Pattancheri

Pattancheri guideline value

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

How the guideline value of Pattancheri has changed

The guideline value for Pattancheri has undergone several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a 600% rise. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, a decline of 33%. The subsequent revision in 2023 maintained the value at Rs 700 per sq.ft, and the 2024 revision has also set it at Rs 700 per sq.ft, indicating no change from the previous year.

Notably, there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 600%.

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 value is Rs 800 per sq.ft, placing Pattancheri's 2024 figure below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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 the duty is charged on the higher of the guideline value and 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 Uthiramerur

The guideline value is a crucial factor during the registration of property transactions in Uthiramerur. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Pattancheri?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in 2023 and 2024.

What are the stamp duty rates for property in Pattancheri?

The stamp duty rate for property in Pattancheri is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pattancheri?

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

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Pattancheri's guideline value of Rs 700 per sq.ft being below this median.