Guideline Value for Pattangulam

Pattangulam guideline value

The current guideline value of Pattangulam is Rs 401 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Special Type - II.

How the guideline value of Pattangulam has changed

The guideline value for Pattangulam has undergone several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, this figure saw a decrease to Rs 268 per sq.ft in the 2017 revision. The 2023 revision brought it back up to Rs 400 per sq.ft, and the most recent revision in 2024 has set the value at Rs 401 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, from 2007 to 2012, there was a remarkable increase of 300%. However, from 2012 to 2017, the guideline value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, from 2023 to 2024, there was no change. Overall, from 2007 to 2024, the guideline value has increased by 301%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with 2024 guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, indicating that Pattangulam's current value is below this median.

• pattancheri West Street: Rs 700 per sq.ft (2024)
• Pattancheri Road: Rs 700 per sq.ft (2024)
• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)
• Pattancheri East Street: Rs 700 per sq.ft (2024)
• Pattancheri: Rs 700 per sq.ft (2024)
• Pavodum Thoppu Theru: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pattangulam

For a 1,000 sq.ft plot at the current rate of Rs 401 per sq.ft, the guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total to Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattangulam?

The Sub Registrar Office that covers Pattangulam 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 property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated during the sale or purchase of property. This ensures that all transactions are recorded at a fair value in the official register.

When buying or selling property, it is essential to be aware of the current guideline value to avoid any discrepancies during registration. The guideline value helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pattangulam?

The current guideline value of Pattangulam is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 100 per sq.ft in 2007 to Rs 401 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, with a 300% rise.

What is the land classification of Pattangulam?

Pattangulam is classified as Residential Special Type - II, which influences its guideline value and potential uses.

Where can I find the Sub Registrar Office for Pattangulam?

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 Pattangulam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,01,000, the stamp duty would be Rs 28,070 at 7%.