Guideline Value for pattancheri West Street

pattancheri West Street guideline value

The current guideline value of pattancheri West Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of pattancheri West Street has changed

The guideline value for pattancheri West Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a 600% rise. However, in 2017, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value then rose to Rs 700 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the value increased by 49%. The current guideline value of Rs 700 per sq.ft in 2024 is the same as the previous year, indicating no change. It is important to note that the register has no figures for this street for the years 2002 and 2003.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value of pattancheri West Street is below this median.

• Pattancheri Road: Rs 700 per sq.ft (2024)
• Pattancheri Endathoor Road: Rs 700 per sq.ft (2024)
• Pattancheri East Street: Rs 700 per sq.ft (2024)
• Pattangulam: Rs 401 per sq.ft (2024)
• Pattancheri: Rs 700 per sq.ft (2024)
• Pavodum Thoppu Theru: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in pattancheri West Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. 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 information.

Which Sub Registrar Office covers pattancheri West Street?

The pattancheri West Street is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of pattancheri West Street?

The current guideline value of pattancheri West Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for pattancheri West Street?

Pattancheri West Street is classified as Residential Class III Type - I.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Uthiramerur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.