Guideline Value for Dhasaradhan Cross Street, Pammal

Dhasaradhan Cross Street, Pammal guideline value

The current guideline value of Dhasaradhan Cross Street, Pammal is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Dhasaradhan Cross Street, Pammal has changed

The guideline value for Dhasaradhan Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which was then increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant increase of 49%. The latest revision in 2024 has further raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Notably, the overall change from the 2017 revision to the 2024 revision shows a substantial increase of 64%. It is important to mention that there are no figures available for Dhasaradhan Cross Street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with 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, which means Dhasaradhan Cross Street's 2024 figure is below this median.

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

Stamp duty and registration fee for property in Dhasaradhan Cross Street, Pammal

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, while 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 or the sale price.

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

Which Sub Registrar Office covers Dhasaradhan Cross Street, Pammal?

The Sub Registrar Office that covers Dhasaradhan Cross Street 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 information.

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

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

When buying or selling property, the guideline value influences the overall cost of the transaction, as it is used to calculate the applicable stamp duty and registration fees. Buyers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Dhasaradhan Cross Street, Pammal?

The current guideline value of Dhasaradhan Cross Street, Pammal 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period. The most recent change was a 10% increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Dhasaradhan Cross Street?

For a property valued at 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, totaling Rs 1,78,200. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Dhasaradhan Cross Street?

The Pammal Sub Registrar Office covers Dhasaradhan Cross Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification for Dhasaradhan Cross Street?

The land classification for Dhasaradhan Cross Street is Residential Class II Type - II, indicating its designation for residential use within the area.