Guideline Value for Sri A.T. Panneerselvam Nagar

Sri A.T. Panneerselvam Nagar guideline value

The current guideline value of Sri A.T. Panneerselvam Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kaduvancheri village and falls under the Sriperumpudur SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Sri A.T. Panneerselvam Nagar has changed

Over the years, the guideline value for Sri A.T. Panneerselvam Nagar has seen several revisions. The 2007 revision set the value at Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, this figure remained unchanged until the 2017 revision, which raised it to Rs 201 per sq.ft, marking a 49% increase. The value then reverted back to Rs 300 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 500%.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median value among these streets is Rs 300 per sq.ft, which is equal to the current guideline value of Sri A.T. Panneerselvam Nagar.

• Sri Iyappan Nagar (Sri Ayappa Nagar): Rs 250 per sq.ft (2024)
• Sindhiya Nagar: Rs 200 per sq.ft (2024)
• Shri Sakthi Nagar: Rs 1,232 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Thanga Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri A.T. Panneerselvam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri A.T. Panneerselvam Nagar?

The Sub Registrar Office that covers Sri A.T. Panneerselvam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kaduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Sri A.T. Panneerselvam Nagar?

The current guideline value of Sri A.T. Panneerselvam Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 300 per sq.ft in both 2023 and 2024. The value has increased from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then to Rs 201 per sq.ft in 2017, and back to Rs 300 per sq.ft in subsequent years.

What is the land classification for Sri A.T. Panneerselvam Nagar?

Sri A.T. Panneerselvam Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sri A.T. Panneerselvam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a total of Rs 27,000 in fees.