Guideline Value for Argeeswarar Colony 5th Street

Argeeswarar Colony 5th Street guideline value

The current guideline value of Argeeswarar Colony 5th Street is Rs 1,980 per sq.ft. 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 5th Street has changed

The guideline value for Argeeswarar Colony 5th Street has undergone several revisions over the years. Starting from Rs 127 per sq.ft in 2002, it increased to Rs 144 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 260 per sq.ft in 2007, which was an increase of +81%. By 2017, the guideline value reached Rs 1,206 per sq.ft, representing a substantial rise of +364% from the 2007 figure. There is no figure available for the year 2012 in the register.

In 2023, the guideline value was revised to Rs 1,800 per sq.ft, an increase of +49% from 2017. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a +10% change from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +1459%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 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 Argeeswarar Colony 5th Street's 2024 figure below this median.

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

Stamp duty and registration fee for property in Argeeswarar Colony 5th 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 amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Argeeswarar Colony 5th Street?

The Sub Registrar Office that covers Argeeswarar Colony 5th 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 reference point during the registration of property transactions in Pammal. It determines 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 helps in assessing the transaction's legitimacy and compliance with local regulations. Buyers and sellers must be aware of the current guideline value to ensure that their transaction aligns with the official rates set by the registration department.

Frequently asked questions

What is the current guideline value of Argeeswarar Colony 5th Street?

The current guideline value of Argeeswarar Colony 5th Street is Rs 1,980 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 127 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +1459% over this period.

What is the land classification of Argeeswarar Colony 5th Street?

Argeeswarar Colony 5th Street is classified as Residential Class II Type - II.

Where is the Pammal Sub Registrar Office located?

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

How is stamp duty calculated for properties in Argeeswarar Colony 5th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,38,600.