Guideline Value for Pavalavannan @ Vidhaya Nagar

Pavalavannan @ Vidhaya Nagar guideline value

The current guideline value of Pavalavannan @ Vidhaya Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Eraiyur village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pavalavannan @ Vidhaya Nagar has changed

Over the years, the guideline value for Pavalavannan @ Vidhaya Nagar has seen several revisions. In 2012, the guideline value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following this, the value increased significantly to Rs 200 per sq.ft in the 2023 revision and maintained the same rate in the 2024 revision, showing a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with the median being Rs 200 per sq.ft. The guideline value for Pavalavannan @ Vidhaya Nagar aligns perfectly with this median.

• Petharya Nagar: Rs 200 per sq.ft (2024)
• Rajiv Town: Rs 200 per sq.ft (2024)
• Saibaba Nagar: Rs 200 per sq.ft (2024)
• Mettu Colony: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)
• Mahakavi Subramaniya Bharthi Nagar I: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pavalavannan @ Vidhaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Pavalavannan @ Vidhaya Nagar?

The Sub Registrar Office that covers Pavalavannan @ Vidhaya Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To locate your nearest SRO, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Eraiyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value helps in establishing a baseline for the sale price, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Pavalavannan @ Vidhaya Nagar?

The current guideline value of Pavalavannan @ Vidhaya Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

Which Sub Registrar Office covers this area?

The Sriperumpudur Sub Registrar Office covers Pavalavannan @ Vidhaya Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and registration fees are charged at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total of Rs 18,000 in fees.

Where can I find more information about guideline values in Eraiyur?

You can find more information about guideline values in Eraiyur by visiting the Registration Department's guideline value register (TNReginet) or checking specific street values through the provided links.