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Guideline Value

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Guideline Value for Sri Pandurangan Nagar Phaseh -II

₹100/sq.ft.

The guideline value for Sri Pandurangan Nagar Phaseh -ii in Polambakkam village (Madurandakam SRO, Chengalpattu zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Polambakkam

Village

Madurandakam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹47 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹70 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹25 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Pandurangan Nagar Phaseh -ii

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Sri Pandurangan Nagar Phaseh -II guideline value

The current guideline value of Sri Pandurangan Nagar Phaseh -II is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Polambakkam village and falls under the Madurandakam SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Sri Pandurangan Nagar Phaseh -II has changed

The guideline value for Sri Pandurangan Nagar Phaseh -II has seen several revisions over the years. The 2007 revision set the value at Rs 25 per sq.ft, which increased to Rs 70 per sq.ft in 2012. However, this was followed by a decrease to Rs 47 per sq.ft in 2017. The value then rose significantly to Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating a 113% increase from 2017 to 2023 and no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. The changes reflect a fluctuating trend, with the highest increase occurring between 2007 and 2012, where the value rose by 180%.

Guideline values in Polambakkam

In Polambakkam village, there are 14 streets under the Madurandakam SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. Sri Pandurangan Nagar Phaseh -II's current guideline value is below this median.

Stamp duty and registration fee for property in Sri Pandurangan Nagar Phaseh -II

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 Sri Pandurangan Nagar Phaseh -II?

The Sub Registrar Office that covers Sri Pandurangan Nagar Phaseh -II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Polambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is standardized and transparent, reflecting the value of the property in the area.

Frequently asked questions

What is the current guideline value of Sri Pandurangan Nagar Phaseh -II?

The current guideline value of Sri Pandurangan Nagar Phaseh -II is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, showing an overall increase of 300% over the years.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 1,00,000, the total fees would be Rs 9,000.

Which office handles property registrations in Sri Pandurangan Nagar Phaseh -II?

The Madurandakam Sub Registrar Office handles property registrations in Sri Pandurangan Nagar Phaseh -II, located at No.53, Old Taluk Office Road, Maduranthakam-603306.

How is the guideline value determined for properties in Polambakkam?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is subject to periodic revisions to reflect changes in the real estate landscape.