Guideline Value for Ambedkar Street, Pammal

Ambedkar Street, Pammal guideline value

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

How the guideline value of Ambedkar Street, Pammal has changed

The guideline value for Ambedkar Street, Pammal has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This value increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Notably, the overall change from 2017 to 2024 is a significant 64% increase.

There are no recorded figures for Ambedkar Street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Pammal

In Pammal, there are a total of 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 guideline value for these streets is Rs 2,090 per sq.ft, which indicates that Ambedkar Street's 2024 figure is below this median.

• Ambedkar Street /Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Ambedkar Street (Thiru Nagar): Rs 1,980 per sq.ft (2024)
• Ambedkar Nagar (All Streets): Rs 1,980 per sq.ft (2024)
• Ambedhkar Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Ambedhkar Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Alandur Abraham Street (Muvendar Nagar): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street, Pammal

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 charges to Rs 1,78,200. Please 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 Ambedkar Street, Pammal?

The Sub Registrar Office that covers Ambedkar Street, Pammal 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 during the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambedkar Street, Pammal?

The current guideline value of Ambedkar Street, Pammal is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambedkar Street has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Ambedkar Street, Pammal?

Ambedkar Street is classified as Residential Class II Type - II, indicating its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for Ambedkar Street, Pammal?

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

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.