Guideline Value for Pavithra enclave

Pavithra enclave guideline value

The current guideline value of Pavithra enclave in Perungalathur village is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Padappai Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Pavithra enclave has changed

The guideline value for Pavithra enclave has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012. However, this figure decreased to Rs 1,608 per sq.ft in 2017. The 2023 revision brought it back up to Rs 2,400 per sq.ft, and the latest revision in 2024 set it at Rs 2,640 per sq.ft.

Notable changes between revisions include a remarkable increase of 860% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur village, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Pavithra enclave's 2024 figure above this median.

• Pearl Sigaram Garden: Rs 2,750 per sq.ft (2024)
• Patel Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - V.O.C Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Varadarajan Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Vanchinathan Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Thiru-Vi-Ka Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Pavithra enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total cost for these fees to Rs 2,37,600. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pavithra enclave?

The Pavithra enclave is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Perungalathur, the guideline value is crucial as it determines the minimum value at which the property can be registered. This value is essential for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

It is important to note that the guideline value can vary significantly between different streets in the area, which may affect the overall costs involved in property transactions. Buyers and sellers should always refer to the latest guideline values to ensure accurate financial planning.

Frequently asked questions

What is the current guideline value of Pavithra enclave?

The current guideline value of Pavithra enclave is Rs 2,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased by 10% from Rs 2,400 per sq.ft in 2023 to Rs 2,640 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 1,608 per sq.ft, which was a decrease from Rs 2,400 per sq.ft in 2012.

Where can I find the registration office for Pavithra enclave?

The registration office for Pavithra enclave is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Pavithra enclave?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800.