Guideline Value for Dr.Ambedkar Street /Near Pammal Main Road

Dr.Ambedkar Street /Near Pammal Main Road guideline value

The current guideline value of Dr.Ambedkar Street /Near Pammal Main Road is Rs 1,870 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 III Type - I.

How the guideline value of Dr.Ambedkar Street /Near Pammal Main Road has changed

The guideline value for Dr.Ambedkar Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 346 per sq.ft. In 2003, it increased to Rs 391 per sq.ft, marking a 13% rise. The 2007 revision saw a significant jump to Rs 570 per sq.ft, which was a 46% increase. The 2017 revision brought the value to Rs 1,139 per sq.ft, reflecting a 100% increase from the previous revision. The 2023 revision set the value at Rs 1,700 per sq.ft, which was a 49% increase from 2017. The most recent 2024 revision has established the current value at Rs 1,870 per sq.ft, a 10% increase from the previous year. Notably, there is no figure available for this street in the 2012 revision.

Guideline values in Pammal

In Pammal, there are 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, positioning Dr.Ambedkar Street's 2024 value below this median.

• Dr. Anne Besant Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Dr. Ambedhkar Nagar, 5th Cross Street: Rs 1,980 per sq.ft (2024)
• Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Dr.Ambedhar Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Dr.Ambedhar Nagar, 4th Street: Rs 1,980 per sq.ft (2024)
• Dr.Abdulkalam Road, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Ambedkar Street /Near Pammal Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,870 per sq.ft, the guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, while the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. It is important 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 details.

Which Sub Registrar Office covers Dr.Ambedkar Street /Near Pammal Main Road?

The Sub Registrar Office that covers Dr.Ambedkar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial 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 registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dr.Ambedkar Street?

The current guideline value of Dr.Ambedkar Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 346 per sq.ft in 2002 to Rs 1,870 per sq.ft in 2024, which is an overall increase of 440%.

What is the land classification for Dr.Ambedkar Street?

Dr.Ambedkar Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Dr.Ambedkar Street?

The Sub Registrar Office for Dr.Ambedkar Street 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 of the property. For example, a property with a guideline value of Rs 18,70,000 would incur a stamp duty of Rs 1,30,900 at the rate of 7%.