Guideline Value for Aandiyappan Street

Aandiyappan Street guideline value

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

How the guideline value of Aandiyappan Street has changed

The guideline value for Aandiyappan Street has seen significant changes over the years. In 2002, the value was Rs 178 per sq.ft, which increased to Rs 202 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 360 per sq.ft in 2007, a substantial increase of 78%. By 2017, the guideline value jumped to Rs 1,206 per sq.ft, reflecting a remarkable 235% increase. However, there is no figure available for the year 2012 in the register.

From 2017 to 2023, the guideline value increased to Rs 1,800 per sq.ft, which is a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, a 10% increase from the previous year. This consistent upward trend highlights the evolving property landscape in the area.

Guideline values in Pammal

Pammal village features a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Aandiyappan Street's 2024 figure below that median.

• Aadhimulam Street, Pasumpon Nagar: 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 Aandiyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Aandiyappan Street?

Aandiyappan Street falls under the jurisdiction of 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 the registration process when buying or selling property in Pammal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the market value of the property.

When a property is sold, 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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aandiyappan Street?

The current guideline value of Aandiyappan Street 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 significantly, from Rs 178 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, with various revisions showing substantial increases over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Aandiyappan Street.

What are the stamp duty and registration fees for Aandiyappan Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000, with stamp duty at Rs 1,38,600 and registration fees at Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Aandiyappan Street located?

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