Guideline Value for Pazhavanthangal Road

Pazhavanthangal Road guideline value

The current guideline value of Pazhavanthangal Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Pazhavanthangal Road has changed

The guideline value for Pazhavanthangal Road has seen several revisions over the years. In 2002, the value was Rs 281 per sq.ft, which increased to Rs 321 per sq.ft in 2003. By 2007, it had risen significantly to Rs 900 per sq.ft, and in 2012, it was Rs 3,500 per sq.ft. However, this figure dropped to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024.

Between the revisions, notable changes include an increase of 11% from 2023 to 2024, a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, a significant rise of 289% from 2007 to 2012, and an increase of 180% from 2003 to 2007. The overall change from 2002 to 2024 shows an increase of 1288%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with the median value being Rs 3,900 per sq.ft. The guideline value of Pazhavanthangal Road aligns with this median.

• Parthasarathi Nagar 9th Street: Rs 5,000 per sq.ft (2024)
• Parthasarathi Nagar 8th Street Extension: Rs 5,000 per sq.ft (2024)
• Parthasarathi Nagar 8th Street: Rs 5,000 per sq.ft (2024)
• Parthasarathi Nagar 7th Street: Rs 5,000 per sq.ft (2024)
• Parthasarathi Nagar 6th Street: Rs 5,000 per sq.ft (2024)
• Parthasarathi Nagar 5th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pazhavanthangal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 Pazhavanthangal Road?

The Sub Registrar Office that covers Pazhavanthangal Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

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

When a property is sold, the buyer and seller must refer to the guideline value to ensure that the correct fees are calculated. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Pazhavanthangal Road?

The current guideline value of Pazhavanthangal Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 281 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, with various revisions reflecting increases and decreases in value over the years.

What are the stamp duty and registration fees for property in Pazhavanthangal Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles registration for properties on Pazhavanthangal Road?

The Alandur Sub Registrar Office is responsible for handling registrations for properties on Pazhavanthangal Road, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the guideline value determined in Adambakkam?

The guideline value in Adambakkam is determined based on various factors, including the classification of the land and the revisions made over the years. The current median value for streets in Adambakkam is Rs 3,900 per sq.ft, which is the same as that of Pazhavanthangal Road.