Guideline Value for Deivanayagam Street / Pasumpon Nagar

Deivanayagam Street / Pasumpon Nagar guideline value

The current guideline value of Deivanayagam 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 Deivanayagam Street / Pasumpon Nagar has changed

The guideline value for Deivanayagam Street / Pasumpon Nagar has undergone several revisions over the years. In 2002, the value was set at Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a 13% rise. The value saw another significant increase in 2007, reaching Rs 360 per sq.ft, a change of 58%. Following this, the 2017 revision recorded a guideline value of Rs 1,206 per sq.ft, representing a substantial 235% increase from the previous figure. The next revision in 2023 set the value at Rs 1,800 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has further raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure for Deivanayagam Street / Pasumpon Nagar in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 885%.

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 for these streets is Rs 2,090 per sq.ft, placing Deivanayagam Street / Pasumpon Nagar below this median.

• 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)
• Devadas Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Devadas Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Deivanayagam 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 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, bringing the total cost for these fees to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Deivanayagam Street / Pasumpon Nagar?

The Sub Registrar Office that covers Deivanayagam 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 more information.

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

The guideline value is a crucial factor in the property registration process in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the registration authority. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Deivanayagam Street / Pasumpon Nagar?

The current guideline value of Deivanayagam 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 seen several revisions, starting from Rs 201 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 885% over the years.

What is the land classification for Deivanayagam Street / Pasumpon Nagar?

Deivanayagam Street / Pasumpon Nagar is classified as Residential Class II Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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, the stamp duty for a property with a guideline value of Rs 19,80,000 would be calculated at 7% of that value.