Guideline Value for Baharathiyar Street / Prasanthi Nagar

Baharathiyar Street / Prasanthi Nagar guideline value

The current guideline value of Baharathiyar Street / Prasanthi Nagar is Rs 1,760 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 III Type - II.

How the guideline value of Baharathiyar Street / Prasanthi Nagar has changed

The guideline value for Baharathiyar Street / Prasanthi Nagar has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 154 per sq.ft, which increased to Rs 175 per sq.ft in 2003, marking a 14% rise. By 2007, the value had jumped to Rs 260 per sq.ft, a 49% increase from the previous year. The 2017 revision saw a substantial increase to Rs 1,072 per sq.ft, representing a 312% rise from 2007. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% increase from 2017. The latest revision in 2024 has raised the value to Rs 1,760 per sq.ft, which is a 10% increase from the previous year. Notably, there is no figure available for this street in the 2012 revision.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry 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 Baharathiyar Street / Prasanthi Nagar is below this median.

• Baharathiyar Street /Ponni Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Sholavaram Nagar: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street / Near Pammal Main Road: Rs 1,760 per sq.ft (2024)
• Baharathiyar Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Baharathiyar Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Babu Street, Sambandhanar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Baharathiyar Street / Prasanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. It is important to note that 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 Baharathiyar Street / Prasanthi Nagar?

The Sub Registrar Office covering Baharathiyar Street / Prasanthi Nagar 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 calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When buying or selling property, the guideline value helps maintain transparency and fairness in the registration process. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Baharathiyar Street / Prasanthi Nagar?

The current guideline value of Baharathiyar Street / Prasanthi Nagar is Rs 1,760 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 154 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 1043% over the years.

What is the land classification for Baharathiyar Street / Prasanthi Nagar?

The land classification for Baharathiyar Street / Prasanthi Nagar is Residential Class III Type - II.

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. You can find more details online.

How is the stamp duty calculated for properties in Baharathiyar Street / Prasanthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at 7%.