Guideline Value for Paventher Nagar

Paventher Nagar guideline value

The current guideline value of Paventher Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village and falls under the Kunrathur SRO. The land classification for Paventher Nagar is Residential Special Type - I.

How the guideline value of Paventher Nagar has changed

The guideline value for Paventher Nagar has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 149 per sq.ft. It increased significantly to Rs 600 per sq.ft in 2007, marking a 303% rise. The value then jumped to Rs 3,200 per sq.ft in 2012, representing a remarkable 433% increase. However, it decreased to Rs 2,144 per sq.ft in 2017, reflecting a 33% drop. The value rose again to Rs 3,200 per sq.ft in 2023, and finally, it reached Rs 3,520 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

The register has no figure for Paventher Nagar in 2002. Overall, from 2003 to 2024, the guideline value has increased by 2262%.

Guideline values in Kattupakkam

Kattupakkam has 75 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Paventher Nagar's 2024 figure above this median.

• Paventhar Nagar Extension: Rs 2,090 per sq.ft (2024)
• Peria Pattu Street: Rs 3,520 per sq.ft (2024)
• Palla Street: Rs 2,090 per sq.ft (2024)
• Pillaiyar koil Street: Rs 2,090 per sq.ft (2024)
• Pada Salai Street: Rs 2,090 per sq.ft (2024)
• Om Sakthi Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Paventher Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Paventher Nagar?

The Sub Registrar Office that covers Paventher Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

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

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Paventher Nagar?

The current guideline value of Paventher Nagar is Rs 3,520 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 149 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 2262% over this period.

What are the other streets in Kattupakkam with their guideline values?

Other streets in Kattupakkam include Paventhar Nagar Extension at Rs 2,090 per sq.ft, Peria Pattu Street at Rs 3,520 per sq.ft, and several others, all listed under the Kunrathur SRO.

What is the registration fee for property in Paventher Nagar?

The registration fee for property in Paventher Nagar is calculated based on the guideline value, which for a 1,000 sq.ft plot would be Rs 70,400 at the current rate.

Where can I find the Sub Registrar Office for Paventher Nagar?

The Kunrathur Sub Registrar Office, which covers Paventher Nagar, is located at No.59, Road Street, Kundrathur, Chennai -600 069.