Guideline Value for Deivasigamani Cross Street /Muthamzhi Nagar

Deivasigamani Cross Street /Muthamzhi Nagar guideline value

The current guideline value for Deivasigamani Cross Street /Muthamzhi Nagar is Rs 2,475 per sq.ft. This property is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Deivasigamani Cross Street /Muthamzhi Nagar has changed

The guideline value of Deivasigamani Cross Street /Muthamzhi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 201 per sq.ft, which increased to Rs 274 per sq.ft in 2003, marking a change of +36%. The value rose to Rs 360 per sq.ft in 2007, an increase of +31%. By 2017, the value had surged to Rs 1,507 per sq.ft, reflecting a remarkable increase of +319%. The 2023 revision set the value at Rs 2,250 per sq.ft, a +49% increase from the previous revision. The current guideline value from the 2024 revision is Rs 2,475 per sq.ft, showing a +10% change from 2023.

Notably, there is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by an impressive +1131%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing the 2024 figure for Deivasigamani Cross Street /Muthamzhi Nagar above this median.

• Deivanayagam Street / Pasumpon Nagar: Rs 1,980 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 Deivasigamani Cross Street /Muthamzhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total fees together to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Deivasigamani Cross Street /Muthamzhi Nagar?

The Sub Registrar Office that covers Deivasigamani Cross Street /Muthamzhi 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 details.

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

The guideline value is a crucial component in the registration process of property transactions in Pammal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential to be aware that the guideline value is set by the Registration Department and is updated periodically. This value ensures that the property transactions are conducted transparently and fairly, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Deivasigamani Cross Street /Muthamzhi Nagar?

The current guideline value of Deivasigamani Cross Street /Muthamzhi Nagar is Rs 2,475 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 201 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, representing an overall increase of +1131% over the years.

What is the land classification for this area?

Deivasigamani Cross Street /Muthamzhi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

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 the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 24,75,000 would incur a stamp duty of Rs 1,73,250 at 7%.