Guideline Value for C.V.Moses Street, Pasumpon Nagar

C.V.Moses Street, Pasumpon Nagar guideline value

The current guideline value of C.V.Moses Street, Pasumpon Nagar 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 C.V.Moses Street, Pasumpon Nagar has changed

Over the years, the guideline value for C.V.Moses Street has seen several revisions. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,980 per sq.ft, marking a significant increase of 64% from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value increased by 10%, while the jump from 2017 to 2023 was 49%. These changes reflect the evolving valuation of properties in this area over the years.

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. The median value for these streets is Rs 2,090 per sq.ft, indicating that C.V.Moses Street's 2024 figure is below this median.

• C.V.Mosses Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Deivanayagam Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Deivasigamani Cross Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Deivasigamani Street / Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Delhi Street / Thandai Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Devadas Street/Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in C.V.Moses Street, Pasumpon Nagar

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, while the registration fee at 2% would be Rs 39,600, totaling 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 detailed calculations.

Which Sub Registrar Office covers C.V.Moses Street, Pasumpon Nagar?

The Sub Registrar Office covering C.V.Moses Street, Pasumpon Nagar 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a baseline for determining the stamp duty and registration fees that must be paid, ensuring that all transactions are recorded accurately in accordance with the state's regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of C.V.Moses Street, Pasumpon Nagar?

The current guideline value of C.V.Moses Street, Pasumpon Nagar 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 changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024, showing an overall increase of 64% from 2017 to 2024.

What is the land classification of C.V.Moses Street?

C.V.Moses Street is classified as Residential Class II Type - II according to the local land classification standards.

Where can I find the registration office for C.V.Moses Street?

The registration office for C.V.Moses Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.