Guideline Value for Aadhimulam Street, Pasumpon Nagar

Aadhimulam Street, Pasumpon Nagar guideline value

The current guideline value of Aadhimulam Street, Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Aadhimulam Street, Pasumpon Nagar has changed

Over the years, the guideline value for Aadhimulam Street has seen several revisions. The earliest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street in the years 2012, 2007, 2003, and 2002. Therefore, the changes in guideline value are primarily observed between the years 2017, 2023, and 2024, showcasing a steady increase in the valuation of this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that Aadhimulam Street's 2024 figure of Rs 1,980 per sq.ft is below this median.

• Aandiyappan Street: Rs 1,980 per sq.ft (2024)
• Abdul Farooq Street: Rs 1,980 per sq.ft (2024)
• Abdulkalam Road - Abdulkalam Street: Rs 2,750 per sq.ft (2024)
• Abraham Street: Rs 1,980 per sq.ft (2024)
• Abraham Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Adam Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhimulam Street, Pasumpon Nagar

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Therefore, the total cost for duty and registration would be Rs 1,78,200. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aadhimulam Street, Pasumpon Nagar?

The Sub Registrar Office that covers Aadhimulam Street, Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees when a property is bought or sold. The buyer and seller must consider the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial implications of the transaction. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Aadhimulam Street, Pasumpon Nagar?

The current guideline value of Aadhimulam Street, Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024, reflecting increases of 49% and 10%, respectively.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, which means Aadhimulam Street's value is below this median.

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

For a property of 1,000 sq.ft at the guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty at 7% is Rs 1,38,600, and the registration fee at 2% is Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Aadhimulam Street located?

The Sub Registrar Office for Aadhimulam Street, Pasumpon Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.