Guideline Value

Corporate

Guideline Value for Adam Nagar 4th Street

₹2750/sq.ft.

The guideline value for Adam Nagar 4th 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 4th Street guideline value

The current guideline value of Adam Nagar 4th 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 4th Street has changed

The guideline value for Adam Nagar 4th Street has seen significant changes over the years. In 2002, the value was Rs 138 per sq.ft, which increased to Rs 156 per sq.ft in 2003, marking a 13% rise. The value further surged to Rs 570 per sq.ft in 2007, a substantial increase of 265%. By 2017, the guideline value reached Rs 1,675 per sq.ft, reflecting a remarkable 194% growth from the previous revision. In 2023, it was revised to Rs 2,500 per sq.ft, which was a 49% increase from 2017. The latest revision in 2024 set the value at Rs 2,750 per sq.ft, which is a 10% increase from 2023.

There is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,893%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, indicating that the guideline value of Adam Nagar 4th Street is above this median.

Stamp duty and registration fee for property in Adam Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be 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 higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adam Nagar 4th Street?

The Sub Registrar Office that covers Adam Nagar 4th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. This ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is registered at a value that reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Adam Nagar 4th Street?

The current guideline value of Adam Nagar 4th 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 increased significantly from Rs 138 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,893% over the years.

What is the registration office for Adam Nagar 4th Street?

The registration office for Adam Nagar 4th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Adam Nagar 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,750 per sq.ft, the stamp duty would be calculated on Rs 27,50,000.

What are the other streets in Pammal with similar guideline values?

Other streets in Pammal, such as Adam Nagar 3rd Street, 5th Cross Street, 2nd Street, 5th Street, Main Road, and 2nd Cross Street, also have a guideline value of Rs 2,750 per sq.ft in 2024.