Guideline Value for Argeeswarar Colony 6th Street

Argeeswarar Colony 6th Street guideline value

The current guideline value of Argeeswarar Colony 6th Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Argeeswarar Colony 6th Street has changed

The guideline value for Argeeswarar Colony 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 127 per sq.ft. This increased to Rs 144 per sq.ft in 2003, marking a 13% rise. The value then saw a significant increase to Rs 260 per sq.ft in 2007, which was an 81% change. By 2017, the guideline value further surged to Rs 1,206 per sq.ft, representing a remarkable 364% increase. In 2023, the value was Rs 1,800 per sq.ft, which was a 49% rise from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from 2023. Notably, there is no figure available for this street in the 2012 revision.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 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 Argeeswarar Colony 6th Street's 2024 figure below this median.

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

Stamp duty and registration fee for property in Argeeswarar Colony 6th Street

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 fees together 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 6th Street?

The Sub Registrar Office that covers Argeeswarar Colony 6th 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

The guideline value is a crucial factor in the registration process 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 transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Argeeswarar Colony 6th Street?

The current guideline value of Argeeswarar Colony 6th 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 seen significant changes, increasing from Rs 127 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, an overall increase of 1459%.

What is the land classification for Argeeswarar Colony 6th Street?

The land classification for Argeeswarar Colony 6th Street is Residential Class II Type - II.

What are the stamp duty and registration fees for a 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 for this street located?

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