Guideline Value for Prathatchanapattai

Prathatchanapattai guideline value

The current guideline value of Prathatchanapattai is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Prathatchanapattai has changed

The guideline value for Prathatchanapattai has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 402 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 600 per sq.ft. Notably, the 2024 revision has maintained the same value of Rs 600 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value experienced a significant increase of 49%. Overall, from 2017 to the current 2024 revision, the guideline value has increased by the same percentage, 49%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A village, there are 149 streets under the Thirukazhukundram SRO that carry a guideline value for 2024, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value among these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Prathatchanapattai.

• Pudumettu Street: Rs 400 per sq.ft (2024)
• Pudutheru Mangalam: Rs 600 per sq.ft (2024)
• Puduvattaram: Rs 300 per sq.ft (2024)
• Pudu Vellazhar Street: Rs 600 per sq.ft (2024)
• Pillayar Koil St D.M.Pet: Rs 600 per sq.ft (2024)
• Pillayar Koil St: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Prathatchanapattai

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000. Therefore, the total cost for these fees would be Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prathatchanapattai?

The Sub Registrar Office that covers Prathatchanapattai is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration process will consider the guideline value, ensuring that the property is registered at a fair and compliant rate.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the current market conditions as indicated by the guideline values.

Frequently asked questions

What is the current guideline value of Prathatchanapattai?

The current guideline value of Prathatchanapattai is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 402 per sq.ft to Rs 600 per sq.ft in 2023 and 2024, marking a 49% increase overall.

What are the stamp duty and registration fees for properties in Prathatchanapattai?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

Which Sub Registrar Office covers Prathatchanapattai?

The Thirukazhukundram Sub Registrar Office covers Prathatchanapattai, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification of Prathatchanapattai?

Prathatchanapattai is classified as Residential Class I Type - III, indicating its suitability for residential development.