Guideline Value for Dhanapal Street / Pasumpon Nagar

Dhanapal Street / Pasumpon Nagar guideline value

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

The guideline value for Dhanapal Street / Pasumpon Nagar has undergone several revisions over the years. Starting from Rs 200 in 2002, it increased to Rs 226 in 2003, marking a 13% rise. The value then saw a significant jump to Rs 360 in 2007, which was a 59% increase. By 2017, the value had further escalated to Rs 1,206, reflecting a 235% change. The 2023 revision set the value at Rs 1,800, a 49% increase from the previous revision. The most recent revision in 2024 has brought the guideline value to Rs 1,980, representing a 10% increase.

It is important to note that there is no figure available for the 2012 revision in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 890%.

Guideline values in Pammal

Pammal village features a total of 926 streets under the Pammal SRO, with guideline values 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 Dhanapal Street / Pasumpon Nagar's 2024 figure below that median.

• Dhandapani Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Dhanraj Street / Central Bank Colony: Rs 1,870 per sq.ft (2024)
• Dharmalingam Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Dhasaradhan Cross Street, Pammal: Rs 1,980 per sq.ft (2024)
• Dhasaradhan Street, Pammal: Rs 1,980 per sq.ft (2024)
• Dhasrathan Cross Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Dhanapal 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, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dhanapal Street / Pasumpon Nagar?

The Dhanapal Street / Pasumpon Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, under 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 plays a critical role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration department has a standardized value for properties in the area.

Frequently asked questions

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

The current guideline value of Dhanapal 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?

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

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registration for Dhanapal Street / Pasumpon Nagar?

The Pammal Sub Registrar Office is responsible for property registration in Dhanapal Street / Pasumpon Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

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