Guideline Value for Pavazhathamman Street

Pavazhathamman Street guideline value

The current guideline value of Pavazhathamman Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Pavazhathamman Street has changed

Looking at the historical revisions, the guideline value for Pavazhathamman Street was Rs 200 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 134 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. In the 2012 revision, the value was Rs 200 per sq.ft, which shows a decrease of 33% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft. The median value among these streets is Rs 200 per sq.ft, which is the same as the guideline value for Pavazhathamman Street.

• Pazhavathamman Nagar: Rs 300 per sq.ft (2024)
• Periyar Street: Rs 150 per sq.ft (2024)
• Ramadasss Salai: Rs 250 per sq.ft (2024)
• Renukambal Street: Rs 150 per sq.ft (2024)
• RLN Metro Square: Rs 1,181 per sq.ft (2024)
• M.P Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pavazhathamman Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pavazhathamman Street?

The Sub Registrar Office that covers Pavazhathamman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Malaipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a value recognized by the Registration Department. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Pavazhathamman Street?

The current guideline value of Pavazhathamman Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pavazhathamman Street was Rs 200 per sq.ft in 2023 and 2024, Rs 134 per sq.ft in 2017, and Rs 200 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Pavazhathamman Street?

Pavazhathamman Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pavazhathamman Street located?

The Sub Registrar Office for Pavazhathamman Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.