Guideline Value for Pearl City Extn

Pearl City Extn guideline value

The current guideline value of Pearl City Extn is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Pearl City Extn has changed

Looking back at the revisions, the guideline value for Pearl City Extn has seen various changes over the years. In 2007, the value was Rs 540 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking an 85% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a decline of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,000 per sq.ft, showing no change from the previous year.

In summary, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 85%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median value being Rs 1,000 per sq.ft. Pearl City Extn's 2024 figure aligns with this median.

• Pearl City: Rs 1,000 per sq.ft (2024)
• Pargavi Avenue: Rs 1,000 per sq.ft (2024)
• Perumal Nagar: Rs 1,000 per sq.ft (2024)
• Pangajapuram: Rs 1,000 per sq.ft (2024)
• Padmavathi Nagar: Rs 1,000 per sq.ft (2024)
• Padmavathi Avenue (S.No.369/8): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pearl City Extn

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 duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pearl City Extn?

The Sub Registrar Office that covers Pearl City Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pearl City Extn?

The current guideline value of Pearl City Extn is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, with the most recent changes showing no increase from 2023 to 2024. The value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017.

What are the other streets in Adhanoor with the same guideline value?

Several other streets in Adhanoor share the same guideline value of Rs 1,000 per sq.ft for 2024, including Pearl City, Pargavi Avenue, Perumal Nagar, Pangajapuram, Padmavathi Nagar, and Padmavathi Avenue (S.No.369/8).

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pearl City Extn?

Stamp duty for properties in Pearl City Extn is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.