Guideline Value for Argeeswarar Colony 7th Street

Argeeswarar Colony 7th Street guideline value

The current guideline value of Argeeswarar Colony 7th 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 7th Street has changed

The guideline value for Argeeswarar Colony 7th Street has undergone several revisions over the years. The earliest recorded value was Rs 127 per sq.ft in 2002, which increased to Rs 144 per sq.ft in 2003, marking a change of +13%. By 2007, the value had risen significantly to Rs 260 per sq.ft, reflecting an increase of +81%. The 2017 revision saw a substantial jump to Rs 1,206 per sq.ft, a change of +364% from the previous value. In 2023, the guideline value was Rs 1,800 per sq.ft, 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 2023.

It is important to note that there is no recorded guideline value for Argeeswarar Colony 7th Street in the 2012 revision. 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 as of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, indicating that the guideline value for Argeeswarar Colony 7th Street is below this median.

• Argeeswarar Colony 6th Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony Main Road: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 5th Street: Rs 1,980 per sq.ft (2024)
• Argeeswarar Colony 4th Street: 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 7th 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, while the registration fee at 2% would be Rs 39,600. Together, the total cost for these fees would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Argeeswarar Colony 7th Street?

The Sub Registrar Office that covers Argeeswarar Colony 7th 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 an essential factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, thus ensuring that the registration reflects the true value of the property.

Frequently asked questions

What is the current guideline value of Argeeswarar Colony 7th Street?

The current guideline value of Argeeswarar Colony 7th 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 increases, from Rs 127 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall change of +1459% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft as of 2024, which is higher than the guideline value for Argeeswarar Colony 7th Street.

What are the stamp duty and registration fees for property in Argeeswarar Colony 7th Street?

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 Argeeswarar Colony 7th Street located?

The Sub Registrar Office for Argeeswarar Colony 7th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.