Guideline Value for Pattu Koot Road

Pattu Koot Road guideline value

The current guideline value of Pattu Koot Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in the village of Mangadu -A and falls under the Kunrathur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Pattu Koot Road has changed

The guideline value for Pattu Koot Road has seen significant changes over the years. In the 2017 revision, the value was Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Pattu Koot Road. This absence of data means that the guideline value has only been recorded from 2017 onwards, with the most recent updates reflecting the current market conditions.

Guideline values in Mangadu -A

In Mangadu -A, there are a total of 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Pattu Koot Road's 2024 guideline value below this median.

• Pattu-Moulivakkam Road: Rs 1,870 per sq.ft (2024)
• Periyar Nagar: Rs 1,540 per sq.ft (2024)
• Perumal Koil Street: Rs 2,500 per sq.ft (2024)
• Palandeeswaran Koil Street: Rs 1,540 per sq.ft (2024)
• Padmavathy Nagar: Rs 1,830 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Pattu Koot Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty charged at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Pattu Koot Road?

The Sub Registrar Office that covers Pattu Koot Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value is used to assess the transaction's value for legal purposes. This ensures that the appropriate taxes are collected based on the established rates, providing a transparent framework for property transactions.

Frequently asked questions

What is the current guideline value of Pattu Koot Road?

The current guideline value of Pattu Koot Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Mangadu -A with their guideline values?

Other streets in Mangadu -A include Pattu-Moulivakkam Road at Rs 1,870 per sq.ft, Periyar Nagar and Palandeeswaran Koil Street both at Rs 1,540 per sq.ft, and others with varying rates.

How is stamp duty calculated for properties on Pattu Koot Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 at 7%.

Where can I find the Sub Registrar Office for Pattu Koot Road?

The Kunrathur Sub Registrar Office covers Pattu Koot Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.