Guideline Value for Pavazhakkaran Chattiram

Pavazhakkaran Chattiram guideline value

The current guideline value of Pavazhakkaran Chattiram is Rs 1,215 per sq.ft, effective from 1 July 2024. This area is located in Mamallapuram village under the Thirukazhukundram SRO, classified as Residential Class I Type - II.

How the guideline value of Pavazhakkaran Chattiram has changed

The guideline value for Pavazhakkaran Chattiram has undergone several revisions over the years. In 2012, the value was set at Rs 1,100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 737 per sq.ft. Following this, the value saw a significant increase to Rs 1,100 per sq.ft in 2023, and then rose again to Rs 1,215 per sq.ft in 2024, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value is Rs 935 per sq.ft, placing Pavazhakkaran Chattiram's 2024 figure above this median.

• Pooncheri Adidravidar B.G.Road: Rs 550 per sq.ft (2024)
• Pooncheri Barial Ground Road: Rs 550 per sq.ft (2024)
• Pooncheri Bharathiyar Street: Rs 935 per sq.ft (2024)
• Pooncheri Colony Barial Ground Cross Street: Rs 550 per sq.ft (2024)
• Pooncheri Colony Barial Ground Road: Rs 550 per sq.ft (2024)
• Pooncheri Lalbagathur Sasthiri Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Pavazhakkaran Chattiram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,215 per sq.ft, the total guideline value amounts to Rs 12,15,000. The stamp duty at 7% would be Rs 85,050, and the registration fee at 2% would be Rs 24,300, making the total amount for these fees Rs 1,09,350. 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 more detailed calculations.

Which Sub Registrar Office covers Pavazhakkaran Chattiram?

The Sub Registrar Office that covers Pavazhakkaran Chattiram is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Mamallapuram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to accurately assess their costs during the transaction.

Frequently asked questions

What is the current guideline value of Pavazhakkaran Chattiram?

The current guideline value of Pavazhakkaran Chattiram is Rs 1,215 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being an increase from Rs 1,100 per sq.ft in 2023 to Rs 1,215 per sq.ft in 2024. From 2012 to 2024, the overall increase is 10%.

What is the land classification for Pavazhakkaran Chattiram?

Pavazhakkaran Chattiram is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for this area?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,09,350.

Where can I find the Sub Registrar Office for Pavazhakkaran Chattiram?

The Thirukazhukundram Sub Registrar Office covers Pavazhakkaran Chattiram, located at Thiruchengode - 637 211, Chengalpattu registration zone.