Guideline Value for Pavodum Thoppu Theru

Pavodum Thoppu Theru guideline value

The current guideline value of Pavodum Thoppu Theru is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pavodum Thoppu Theru has changed

Over the years, the guideline value of Pavodum Thoppu Theru has seen several revisions. The earliest recorded figure is from 2007, which was Rs 147 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking an increase of 580%. However, the value then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 1,000 per sq.ft, showing no change from the previous year.

The revisions for the years 2002 and 2003 do not have any figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 580%.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value of Pavodum Thoppu Theru is above this median.

• Pazhaiya Hospital Street: Rs 1,000 per sq.ft (2024)
• Pattangulam: Rs 401 per sq.ft (2024)
• pattancheri West Street: Rs 700 per sq.ft (2024)
• Pattancheri Road: Rs 700 per sq.ft (2024)
• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)
• Pattancheri East Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Pavodum Thoppu Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pavodum Thoppu Theru?

The Sub Registrar Office covering Pavodum Thoppu Theru is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. 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 compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Pavodum Thoppu Theru?

The current guideline value of Pavodum Thoppu Theru is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most notable increase occurring from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012. The value has remained at Rs 1,000 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values, with rates ranging from Rs 401 to Rs 1,000 per sq.ft in 2024. For instance, Pattangulam is valued at Rs 401 per sq.ft, while Pazhaiya Hospital Street is also at Rs 1,000 per sq.ft.

What is the stamp duty rate for properties in Pavodum Thoppu Theru?

The stamp duty rate for properties in Pavodum Thoppu Theru is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.

Where can I find the Sub Registrar Office for Pavodum Thoppu Theru?

The Sub Registrar Office for Pavodum Thoppu Theru is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.