Guideline Value for C.V.Mosses Street / Pasumpon Nagar

C.V.Mosses Street / Pasumpon Nagar guideline value

The current guideline value of C.V.Mosses 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.Mosses Street / Pasumpon Nagar has changed

The guideline value has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, which was a 59% increase from the previous revision. By 2017, the guideline value reached Rs 1,206 per sq.ft, reflecting a substantial 235% increase from 2007. However, there is no figure for this street in the 2012 revision.

In 2023, the guideline value was Rs 1,800 per sq.ft, which represented a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 890%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a guideline value for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, placing C.V.Mosses Street / Pasumpon Nagar below this median.

• C.V.Moses 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.Mosses Street / Pasumpon Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the 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, totaling Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers C.V.Mosses Street / Pasumpon Nagar?

The Sub Registrar Office that covers C.V.Mosses Street / Pasumpon 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 additional information.

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

The guideline value is a crucial factor when registering property in Pammal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of C.V.Mosses Street / Pasumpon Nagar?

The current guideline value of C.V.Mosses 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 increased from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% over this period.

Where can I find the registration office for this area?

The registration office for C.V.Mosses Street / Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates applicable?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or sale price, whichever is higher.

What is the significance of the guideline value?

The guideline value is used to determine the minimum registration value for properties and is essential for calculating stamp duty and registration fees during property transactions.