Guideline Value for Dhandapani Street, Pasumpon Nagar

Dhandapani Street, Pasumpon Nagar guideline value

The current guideline value of Dhandapani 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 Dhandapani Street, Pasumpon Nagar has changed

The guideline value for Dhandapani Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. This reflects the changes in the guideline value over the years, culminating in the current rate.

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 per the 2024 revision. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Dhandapani Street's current value below this median.

• Dhanapal 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 Dhandapani 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 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 and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dhandapani Street, Pasumpon Nagar?

The Sub Registrar Office that covers Dhandapani 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 plays a crucial role in property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value.

During the registration process, the buyer and seller must ensure that the sale price is equal to or higher than the guideline value. This ensures that the transaction is compliant with local regulations, and helps in avoiding any legal issues related to undervaluation of the property.

Frequently asked questions

What is the current guideline value of Dhandapani Street, Pasumpon Nagar?

The current guideline value of Dhandapani 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 changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of Dhandapani Street?

Dhandapani Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty rates for properties in Pammal?

The stamp duty rate for properties in Pammal is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.