Guideline Value

Corporate

Guideline Value for Adam Nagar 1st Street

₹2750/sq.ft.

The guideline value for Adam Nagar 1st Street in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹570 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹156 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹138 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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Adam Nagar 1st Street guideline value

The current guideline value of Adam Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Adam Nagar 1st Street has changed

The guideline value for Adam Nagar 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 138 per sq.ft. This increased to Rs 156 per sq.ft in 2003, marking a 13% rise. By 2007, the value had jumped to Rs 570 per sq.ft, reflecting a substantial increase of 265%. The value continued to rise to Rs 1,675 per sq.ft in 2017, which was a remarkable increase of 194% from the previous revision.

In 2023, the guideline value was set at Rs 2,500 per sq.ft, showing a 49% increase from 2017. The most recent revision in 2024 has brought the guideline value to Rs 2,750 per sq.ft, representing a 10% increase from 2023. It is worth noting that the register has no figure for this street in 2012.

Guideline values in Pammal

Pammal village has 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 for these streets is Rs 2,090 per sq.ft, placing Adam Nagar 1st Street's 2024 figure above this median.

Stamp duty and registration fee for property in Adam Nagar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adam Nagar 1st Street?

The Sub Registrar Office covering Adam Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to assess the financial implications of the transaction. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Adam Nagar 1st Street?

The current guideline value of Adam Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 138 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1893% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Adam Nagar 1st Street's 2024 value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Adam Nagar 1st Street located?

The Sub Registrar Office for Adam Nagar 1st Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.