Guideline Value for Patti Amman Nagar

Patti Amman Nagar guideline value

The current guideline value of Patti Amman Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Patti Amman Nagar has changed

Over the years, the guideline value of Patti Amman Nagar has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft.

From 2017 to 2023, there was an increase of 49% in the guideline value. The change from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 marked an increase of 173%. Overall, the guideline value has increased by 173% from 2007 to 2023. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Patti Amman Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur listed with their rates.

Stamp duty and registration fee for property in Patti Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Patti Amman Nagar?

The Sub Registrar Office that covers Patti Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When a property transaction occurs, the buyer must pay the applicable stamp duty and registration fee based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Patti Amman Nagar?

The current guideline value of Patti Amman Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2023 setting it at Rs 1,500 per sq.ft. It was Rs 1,005 per sq.ft in 2017, Rs 1,500 per sq.ft in 2012, and Rs 550 per sq.ft in 2007.

What are the stamp duty and registration fees for property in Patti Amman Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would be Rs 1,35,000. This includes a stamp duty of Rs 1,05,000 and a registration fee of Rs 30,000.

Which Sub Registrar Office covers Patti Amman Nagar?

The Gooduvancheri Sub Registrar Office covers Patti Amman Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed with their guideline values. Patti Amman Nagar is the only street mentioned under the Gooduvancheri SRO.