Guideline Value for Argeeswarar Colony 4th Street

Argeeswarar Colony 4th Street guideline value

The current guideline value of Argeeswarar Colony 4th 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 is classified as Residential Class II Type - II.

How the guideline value of Argeeswarar Colony 4th Street has changed

The guideline value for Argeeswarar Colony 4th Street has seen significant changes over the years. In 2002, the value was Rs 127 per sq.ft, which increased to Rs 144 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 300 per sq.ft in 2007, a substantial increase of 108%. By 2017, the guideline value had risen dramatically to Rs 1,206 per sq.ft, reflecting a 302% increase from 2007. However, there is no figure available for this street in the 2012 revision.

In the following revisions, the guideline value continued to rise, reaching Rs 1,800 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1459%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Argeeswarar Colony 4th Street is below this median.

• Argeeswarar Colony 1st Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 2nd Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 3rd Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 4th Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 5th Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 6th Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 7th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Argeeswarar Colony 4th Street

For a 1,000 sq.ft plot 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 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Argeeswarar Colony 4th Street?

The Sub Registrar Office that covers Argeeswarar Colony 4th Street 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 details.

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

When buying or selling property in Pammal, the guideline value is utilized to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. The guideline value is updated periodically, reflecting changes in the real estate market and ensuring that it remains relevant.

Frequently asked questions

What is the current guideline value of Argeeswarar Colony 4th Street?

The current guideline value of Argeeswarar Colony 4th 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 increased significantly from Rs 127 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 1459% over the years.

What is the land classification for Argeeswarar Colony 4th Street?

Argeeswarar Colony 4th Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office located for this street?

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