Guideline Value for Pazhavathamman Nagar

Pazhavathamman Nagar guideline value

The current guideline value of Pazhavathamman Nagar is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is located in Malaipattu village under the Sunguvarchattram SRO, classified as Residential Special Type - II.

How the guideline value of Pazhavathamman Nagar has changed

The guideline value for Pazhavathamman Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 201 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The 2023 revision also maintained this rate, with no change to Rs 300 per sq.ft in the 2024 revision, resulting in a 0% change between the two years.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Malaipattu

Malaipattu village has a total of 36 streets under the Sunguvarchattram SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 1,181 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Pazhavathamman Nagar's 2024 figure above that median.

• Pavazhathamman Street: Rs 200 per sq.ft (2024)
• Periyar Street: Rs 150 per sq.ft (2024)
• Ramadasss Salai: Rs 250 per sq.ft (2024)
• Renukambal Street: Rs 150 per sq.ft (2024)
• RLN Metro Square: Rs 1,181 per sq.ft (2024)
• M.P Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Pazhavathamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pazhavathamman Nagar?

The Sub Registrar Office that covers Pazhavathamman Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Malaipattu. It is used to calculate the stamp duty and registration fees, which are mandatory charges that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is taken into account for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pazhavathamman Nagar?

The current guideline value of Pazhavathamman Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a decrease in 2017 followed by increases in subsequent revisions. The value has remained at Rs 300 per sq.ft since 2023.

What is the land classification for Pazhavathamman Nagar?

Pazhavathamman Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Pazhavathamman Nagar?

The Sunguvarchattram Sub Registrar Office manages property registrations for Pazhavathamman Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu.