Guideline Value for Pazhaiya Hospital Street

Pazhaiya Hospital Street guideline value

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

How the guideline value of Pazhaiya Hospital Street has changed

The guideline value for Pazhaiya Hospital Street has undergone several revisions over the years. In 2007, the value was Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 shows a substantial increase of 580%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 800 per sq.ft, positioning Pazhaiya Hospital Street above this median.

• Pavodum Thoppu Theru: 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 Pazhaiya Hospital Street

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pazhaiya Hospital Street?

The Pazhaiya Hospital Street falls under 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pazhaiya Hospital Street?

The current guideline value of Pazhaiya Hospital Street 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 from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values. For instance, Pavodum Thoppu Theru and Pazhaiya Hospital Street both have a guideline value of Rs 1,000 per sq.ft, while Pattangulam is at Rs 401 per sq.ft.

What is the registration fee for properties in Pazhaiya Hospital Street?

The registration fee for properties in Pazhaiya Hospital Street is calculated based on the guideline value. For example, for a property valued at Rs 10,00,000, the registration fee would be Rs 20,000.

Which office handles the registration for Pazhaiya Hospital Street?

The Uthiramerur Sub Registrar Office handles the registration for Pazhaiya Hospital Street. It is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.