Guideline Value for Shri Pangajapuram

Shri Pangajapuram guideline value

The current guideline value of Shri Pangajapuram is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Shri Pangajapuram has changed

The guideline value for Shri Pangajapuram has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The value remained stable at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

From 2017 to 2023, there was a substantial increase of 49%, bringing the value back to Rs 1,000 per sq.ft. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the current guideline value of Shri Pangajapuram.

• Shri Ram Nagar Part-I,II: Rs 1,000 per sq.ft (2024)
• Simruthi Nagar Extn: Rs 1,300 per sq.ft (2024)
• Shanmuga Nagar: Rs 1,250 per sq.ft (2024)
• Shalini Nagar: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 1,000 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Pangajapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be 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 fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shri Pangajapuram?

The Sub Registrar Office that covers Shri Pangajapuram 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 additional 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 stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with the registration requirements. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Shri Pangajapuram?

The current guideline value of Shri Pangajapuram 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 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft since 2023.

What are the other streets in Adhanoor with similar guideline values?

Other streets in Adhanoor with similar guideline values include Shri Ram Nagar Part-I,II, Shalini Nagar, Senthil Nagar, and Selva Vinayagar Nagar, all at Rs 1,000 per sq.ft in 2024.

What is the registration fee for property in Shri Pangajapuram?

The registration fee for property in Shri Pangajapuram is calculated based on the guideline value. For a property valued at Rs 10,00,000, the registration fee would be Rs 20,000, along with a stamp duty of Rs 70,000.

Where is the Sub Registrar Office for Shri Pangajapuram located?

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