Guideline Value for Devadas Street / Pasumpon Nagar

Devadas Street / Pasumpon Nagar guideline value

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

The guideline value for Devadas Street / Pasumpon Nagar 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 continued to grow, reaching Rs 535 per sq.ft in 2007, which was a 137% increase from the previous revision. By 2017, the value had risen to Rs 1,206 per sq.ft, reflecting a 125% increase from 2007. However, there was no figure available for the year 2012 in the register.

From 2017 to 2023, the guideline value increased to Rs 1,800 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by an impressive 890%.

Guideline values in Pammal

Pammal village has a total of 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 guideline value for these streets is Rs 2,090 per sq.ft, placing Devadas Street / Pasumpon Nagar's 2024 figure below this median.

• Devadas Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Devadas Street /Thiruvallavur Nagar: Rs 2,475 per sq.ft (2024)
• Devadas Street/Anna Nagar: Rs 2,750 per sq.ft (2024)
• Delhi Street / Thandai Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Deivasigamani Street / Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Deivasigamani Cross Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Devadas 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, and the registration fee at 2% would be Rs 39,600, bringing the total fees together 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.

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

Which Sub Registrar Office covers Devadas Street / Pasumpon Nagar?

The Sub Registrar Office covering Devadas 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions 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 based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the fair price for the property. It is essential to refer to the latest guideline values to ensure compliance with local regulations during the transaction process.

Frequently asked questions

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

The current guideline value of Devadas Street / Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890%.

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

Devadas 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, 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. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.