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Guideline Value

Corporate

Guideline Value for Dr. Ambedhkar Nagar, 5th Cross Street

₹1980/sq.ft.

The guideline value for Dr. Ambedhkar Nagar, 5th Cross Street in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Dr. Ambedhkar Nagar, 5th Cross Street

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Dr. Ambedhkar Nagar, 5th Cross Street guideline value

The current guideline value for Dr. Ambedhkar Nagar, 5th Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Dr. Ambedhkar Nagar, 5th Cross Street has changed

The guideline value for Dr. Ambedhkar Nagar, 5th Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised it further to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes from the 2017 to 2023 revision reflect a significant increase of 49%.

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 of 2024. The median guideline value in this area is Rs 2,090 per sq.ft, indicating that Dr. Ambedhkar Nagar, 5th Cross Street's current value is below this median.

Stamp duty and registration fee for property in Dr. Ambedhkar Nagar, 5th Cross Street

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

Which Sub Registrar Office covers Dr. Ambedhkar Nagar, 5th Cross Street?

The Sub Registrar Office that covers Dr. Ambedhkar Nagar, 5th Cross Street 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 is an essential factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When you proceed with a property transaction, the guideline value ensures that the government receives the appropriate revenue through taxes. Buyers and sellers should be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Dr. Ambedhkar Nagar, 5th Cross Street?

The current guideline value for Dr. Ambedhkar Nagar, 5th Cross Street 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, reflecting an overall increase of 64% over this period.

What are the other streets with the same guideline value in Pammal?

Other streets in Pammal with the same 2024 guideline value of Rs 1,980 per sq.ft include Dr.Ambedhar Nagar, Cross Street, Dr.Ambedhar Nagar, 4th Street, and Dr.Abdulkalam Road, Nagelkeni.

What is the registration fee for property in this area?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the registration fee would be Rs 39,600.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office covering Dr. Ambedhkar Nagar, 5th Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.