Guideline Value for Pattancherri Road

Pattancherri Road guideline value

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

How the guideline value of Pattancherri Road has changed

The guideline value for Pattancherri Road has remained consistent at Rs 250 per sq.ft for the revisions in both 2023 and 2024. Prior to this, the 2017 revision recorded a value of Rs 167 per sq.ft, indicating a 50% increase from the previous revision. The 2012 revision also set the value at Rs 250 per sq.ft, showing a decrease of 33% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Neeradi

In Neeradi village, 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 a median value of Rs 202 per sq.ft. Pattancherri Road's 2024 figure is above this median, reflecting its valuation within the local context.

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

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 charges 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 details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattancherri Road?

The Sub Registrar Office covering Pattancherri 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 Neeradi

The guideline value is a crucial factor during the registration process when buying or selling property in Neeradi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an officially recognized value.

Frequently asked questions

What is the current guideline value of Pattancherri Road?

The current guideline value of Pattancherri Road 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 for both 2023 and 2024. The previous revision in 2017 was Rs 167 per sq.ft, which saw a 50% increase in the following revisions.

What is the land classification for Pattancherri Road?

Pattancherri Road is classified as Residential Special Type - III under the Uthiramerur SRO.

Where can I find the Sub Registrar Office for Pattancherri Road?

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

How is the stamp duty calculated for properties in Neeradi?

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 guideline value would be Rs 2,50,000, leading to a stamp duty of Rs 17,500.