Guideline Value for Pavendar Bharathidasan Salai

Pavendar Bharathidasan Salai guideline value

The current guideline value of Pavendar Bharathidasan Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Pavendar Bharathidasan Salai has changed

The guideline value for Pavendar Bharathidasan Salai has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

This increase reflects the adjustments made to the guideline values in the area. The 2023 to 2024 revision marked a significant change, while the previous years have no recorded figures for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value is Rs 2,750 per sq.ft, placing Pavendar Bharathidasan Salai's 2024 figure below this median.

• Pathmavathi Street 7th Street: Rs 3,850 per sq.ft (2024)
• Pathmavathi Street 6th Street: Rs 3,850 per sq.ft (2024)
• Pathmavathi Street 5th Street: Rs 3,850 per sq.ft (2024)
• Pathmavathi Street 4th Street: Rs 3,850 per sq.ft (2024)
• Pathmavathi Street 3rd Street: Rs 3,850 per sq.ft (2024)
• Pathmavathi Street 2nd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Pavendar Bharathidasan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that 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 Pavendar Bharathidasan Salai?

The Pavendar Bharathidasan 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 Madipakkam-1

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government collects the appropriate taxes based on the property's value.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pavendar Bharathidasan Salai?

The current guideline value of Pavendar Bharathidasan Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pavendar Bharathidasan Salai was Rs 2,000 per sq.ft in 2023 and increased by 10% to Rs 2,200 per sq.ft in 2024. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. Pavendar Bharathidasan Salai's 2024 figure of Rs 2,200 per sq.ft is below this median.

What are the stamp duty and registration fees for property in Pavendar Bharathidasan Salai?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Pavendar Bharathidasan Salai?

The Velacheri Sub Registrar Office handles registrations for Pavendar Bharathidasan Salai. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.