Guideline Value for Pearl City

Pearl City guideline value

The current guideline value of Pearl City, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Pearl City has changed

Over the years, the guideline value of Pearl City has seen several revisions. The 2007 revision recorded a value of Rs 450 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 670 per sq.ft. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Notably, the overall change from the 2007 revision to the 2024 revision reflects a significant increase of 122%. The revisions for the years 2002 and 2003 do not have any figures recorded 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. The median value for these streets is Rs 1,000 per sq.ft, which is the same as the current figure for Pearl City.

• Pearl City Extn: 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

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, charged at 7%, is Rs 70,000, and the registration fee, charged at 2%, is Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pearl City?

The Pearl City area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-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 is a crucial factor during the registration process of property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which properties can be sold, ensuring that the state collects appropriate taxes on property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process. Buyers should be aware that these fees are based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Pearl City?

The current guideline value of Pearl City 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 450 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft from 2017 to 2024.

What is the significance of the guideline value?

The guideline value is used to determine the minimum price for property transactions and is essential for calculating stamp duty and registration fees during the registration process.

Where is the Gooduvancheri Sub Registrar Office located?

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

How do I calculate the stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. You can use our stamp duty and registration fee calculator for more accurate calculations.