Guideline Value for Pazhanthandalam Road

Pazhanthandalam Road guideline value

The current guideline value of Pazhanthandalam Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This road is located in Thirumudivakkam village, under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Pazhanthandalam Road has changed

The guideline value for Pazhanthandalam Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 804 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Pazhanthandalam Road is equal to this median.

• Pallavaram - Thiruneermalai Road: Rs 1,320 per sq.ft (2024)
• Perumal Nagar: Rs 1,320 per sq.ft (2024)
• Perumal Nagar Annex: Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,320 per sq.ft (2024)
• Omshakthy Mathura: Rs 2,200 per sq.ft (2024)
• Omshakthy Industrial Park: Rs 3,860 per sq.ft (2024)

Stamp duty and registration fee for property in Pazhanthandalam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the 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 details.

Which Sub Registrar Office covers Pazhanthandalam Road?

The Pazhanthandalam Road 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 Thirumudivakkam

The guideline value is a critical factor in the registration process when buying or selling property in Thirumudivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to assess the amount of tax that needs to be paid. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Pazhanthandalam Road?

The current guideline value of Pazhanthandalam Road is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the land classification for Pazhanthandalam Road?

The land classification for Pazhanthandalam Road is Residential Special Type - I.

Where can I find the registration office for Pazhanthandalam Road?

The registration office for Pazhanthandalam Road 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 in Thirumudivakkam?

The stamp duty in Thirumudivakkam is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.