Guideline Value for Pattancherri Merku Street

Pattancherri Merku Street guideline value

The current guideline value of Pattancherri Merku Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Neeradi village under the Uthiramerur SRO, classified as Residential Special Type - III.

How the guideline value of Pattancherri Merku Street has changed

Over the years, the guideline value of Pattancherri Merku Street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft, indicating a decrease of 33% from the previous figure. The overall change from 2012 to 2024 shows no increase, maintaining the value at Rs 250 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that have a guideline value for 2024, ranging from Rs 201 to Rs 350 per sq.ft. Pattancherri Merku Street's 2024 figure of Rs 250 per sq.ft is above the median value of Rs 202 per sq.ft for the village.

• Pattancherri Endathur Road: Rs 300 per sq.ft (2024)
• Pattancherri Road: Rs 250 per sq.ft (2024)
• Pattancheri East Street: Rs 202 per sq.ft (2024)
• Pattancheri: Rs 202 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 Pattancherri Merku Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattancherri Merku Street?

The Sub Registrar Office that covers Pattancherri Merku Street 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 details.

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

When buying or selling property in Neeradi, the guideline value plays a crucial role in determining the registration fees and stamp duty. These costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial aspects of property transactions. Understanding these values can help in planning and budgeting for the costs associated with property registration.

Frequently asked questions

What is the current guideline value of Pattancherri Merku Street?

The current guideline value of Pattancherri Merku Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017 and an increase of 50% from 2017 to 2023, returning to Rs 250 per sq.ft.

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

Other streets in Neeradi with their 2024 guideline values include Pattancherri Endathur Road at Rs 300 per sq.ft, Pattancherri Road at Rs 250 per sq.ft, and several others ranging from Rs 201 to Rs 202 per sq.ft.

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.

How is stamp duty calculated for properties in Pattancherri Merku Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500.