Guideline Value for Asireyar Krishnasawmy Street/ Pammal Main Road

Asireyar Krishnasawmy Street/ Pammal Main Road guideline value

The current guideline value of Asireyar Krishnasawmy Street/ Pammal Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the jurisdiction of the Pammal SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Asireyar Krishnasawmy Street/ Pammal Main Road has changed

The guideline value for Asireyar Krishnasawmy Street has undergone several revisions over the years. Starting from Rs 200 in 2002, it increased to Rs 226 in 2003, marking a 13% rise. Following this, the value saw a substantial increase to Rs 570 in 2007, which is a 152% jump. The 2017 revision recorded a significant rise to Rs 1,340 per sq.ft, representing a 135% increase from the previous revision. The value further increased to Rs 2,000 per sq.ft in 2023, showing a 49% growth. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Asireyar Krishnasawmy Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1000%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with 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, placing Asireyar Krishnasawmy Street above this median at Rs 2,200 per sq.ft.

• Asireyar Krishnasawmy Street/ Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Asireyar Samuel Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Asokan Street: Rs 1,980 per sq.ft (2024)
• Avaiyar Street (Muthamazhi Nagar): Rs 2,475 per sq.ft (2024)
• Arumugam Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Arumugam Street Extn, V.O.C Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Asireyar Krishnasawmy Street/ Pammal Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Asireyar Krishnasawmy Street/ Pammal Main Road?

The Sub Registrar Office that covers Asireyar Krishnasawmy Street/ Pammal Main Road 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 details.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the official value of the property for registration purposes. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction.

Additionally, the guideline value helps maintain transparency in property dealings, ensuring that both buyers and sellers are aware of the official valuation of the property. This value is updated periodically to reflect changes in the market and local conditions.

Frequently asked questions

What is the current guideline value for Asireyar Krishnasawmy Street?

The current guideline value for Asireyar Krishnasawmy Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 in 2002 to Rs 2,200 in 2024, marking an overall increase of 1000% over this period.

What is the land classification for Asireyar Krishnasawmy Street?

Asireyar Krishnasawmy Street falls under the Residential Class II Type - I land classification.

What are the registration fees for property transactions?

The registration fees for property transactions are calculated based on the guideline value, which is currently Rs 2,200 per sq.ft for this street. The registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Pammal?

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