Guideline Value for Pesil Greens

Pesil Greens guideline value

The current guideline value of Pesil Greens in Erandankattalai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Pesil Greens has changed

The guideline value for Pesil Greens has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The most recent 2024 revision has raised this figure to Rs 1,100 per sq.ft. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

Between the revisions, there have been significant changes. 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 Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 4,270 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Pesil Greens.

• Perumal Koil Street: Rs 1,100 per sq.ft (2024)
• Puthavedu Reddiar Street: Rs 1,100 per sq.ft (2024)
• Rajagopal Avenue: Rs 1,640 per sq.ft (2024)
• Reddy Street: Rs 1,100 per sq.ft (2024)
• Royal Enclave: Rs 2,465 per sq.ft (2024)
• Sadhanandhapuram: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pesil Greens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pesil Greens?

The Pesil Greens area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Erandankattalai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from the transaction.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures transparency and fairness in property transactions, as the fees are based on the established guideline values.

Frequently asked questions

What is the current guideline value of Pesil Greens?

The current guideline value of Pesil Greens is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a 64% overall increase over this period.

What are the other streets with the same guideline value?

Other streets in Erandankattalai with the same guideline value of Rs 1,100 per sq.ft include Perumal Koil Street, Puthavedu Reddiar Street, Reddy Street, and Sadhanandhapuram.

What fees are associated with buying property in Pesil Greens?

When buying property in Pesil Greens, you will need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pesil Greens?

The Sub Registrar Office covering Pesil Greens is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details about your SRO online.