Guideline Value for Pattankulam

Pattankulam guideline value

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

How the guideline value of Pattankulam has changed

The guideline value for Pattankulam has seen several revisions over the years. The earliest revision available is from 2012, where the value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. In 2023, the value increased to Rs 400 per sq.ft, and the most recent revision in 2024 has set the value at Rs 401 per sq.ft, indicating no change from the previous year.

Between the revisions, the most significant change occurred from 2017 to 2023, with an increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Malliyankaranai

Malliyankaranai village features 42 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 603 per sq.ft. The median value across these streets is Rs 401 per sq.ft, which is equal to the current guideline value for Pattankulam. Below are the guideline values for other streets in Malliyankaranai:

• Paruthikollai: Rs 401 per sq.ft (2024)
• Raja Nagar: Rs 401 per sq.ft (2024)
• Nallur Melandai Street: Rs 300 per sq.ft (2024)
• Nallur Kezhandi Sreet: Rs 300 per sq.ft (2024)
• Ramji Nagar: Rs 300 per sq.ft (2024)
• Royal City: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Pattankulam

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

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pattankulam?

The Pattankulam area falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Malliyankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives appropriate revenue from property transactions, reflecting the current market conditions as defined by the guideline value.

Frequently asked questions

What is the current guideline value of Pattankulam?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 401 per sq.ft in 2024.

What is the land classification for Pattankulam?

Pattankulam is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Uthiramerur Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 guideline value, the total fees would amount to Rs 36,090.