Guideline Value for Pattukottai Muthukumaraswamy Salai

Pattukottai Muthukumaraswamy Salai guideline value

The current guideline value of Pattukottai Muthukumaraswamy Salai is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Pattukottai Muthukumaraswamy Salai has changed

The guideline value for Pattukottai Muthukumaraswamy Salai has seen significant changes over the years. In 2003, the guideline value was Rs 571 per sq.ft, which increased to Rs 2,345 per sq.ft in 2017. This marked a substantial rise of 311%. The value then climbed to Rs 3,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The latest revision in 2024 sets the guideline value at Rs 3,850 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the years 2002, 2007, and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 574%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, which means that Pattukottai Muthukumaraswamy Salai's 2024 figure is below that median.

• Patmavathi Nagar Extn 3rd Street: Rs 3,850 per sq.ft (2024)
• Pazhaniyappa Street: Rs 3,850 per sq.ft (2024)
• Pazhaniyappa Street in MGR Nagar: Rs 3,850 per sq.ft (2024)
• Pasupathi Lane: Rs 4,950 per sq.ft (2024)
• Periyar Nagar 10th Cross Street: Rs 3,850 per sq.ft (2024)
• Periyar Nagar 10th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Pattukottai Muthukumaraswamy Salai

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pattukottai Muthukumaraswamy Salai?

The Pattukottai Muthukumaraswamy Salai falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the transaction is transparent and that the government receives appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Pattukottai Muthukumaraswamy Salai?

The current guideline value of Pattukottai Muthukumaraswamy Salai is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 571 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024. This represents an overall increase of 574% over the years.

What is the land classification of Pattukottai Muthukumaraswamy Salai?

The land classification for Pattukottai Muthukumaraswamy Salai is Residential Class II Type - III, indicating its suitability for residential development.

What are the stamp duty rates for properties in Velachery?

The stamp duty for properties in Velachery is charged at 7% of the guideline value or the sale price, whichever is higher. This is an important cost to consider when purchasing property.

Where can I find the Sub Registrar Office for Pattukottai Muthukumaraswamy Salai?

The Velacheri Sub Registrar Office covers Pattukottai Muthukumaraswamy Salai and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.