Guideline Value for Dr.Soundarammal Street

Dr.Soundarammal Street guideline value

The current guideline value of Dr.Soundarammal Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Dr.Soundarammal Street has changed

Over the years, the guideline value of Dr.Soundarammal Street has seen significant increases. In 2003, the guideline value was Rs 312 per sq.ft, which rose to Rs 810 per sq.ft in 2007. The 2017 revision marked a substantial increase to Rs 1,474 per sq.ft, followed by another rise to Rs 2,200 per sq.ft in 2023. The current value of Rs 2,420 per sq.ft, effective from July 2024, reflects a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2012 in the register for this street. The overall increase from 2003 to 2024 is a remarkable 676%, illustrating the significant changes in the guideline value over the years.

Guideline values in Thiruneermalai

In Thiruneermalai village, there are 316 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the current value for Dr.Soundarammal Street.

• Dr.Solman Colony: Rs 2,420 per sq.ft (2024)
• Duraiamman Koil Street: Rs 2,200 per sq.ft (2024)
• Durgai Amman Street: Rs 2,200 per sq.ft (2024)
• Durga Nagar: Rs 2,420 per sq.ft (2024)
• Durga Nagar Agathiyar Street: Rs 2,420 per sq.ft (2024)
• Durga Nagar Ambedkar Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Soundarammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. 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 information.

Which Sub Registrar Office covers Dr.Soundarammal Street?

The Sub Registrar Office that covers Dr.Soundarammal 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 details.

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

The guideline value serves as a benchmark for property transactions in Thiruneermalai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This ensures compliance with the legal requirements set forth by the Registration Department.

Frequently asked questions

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

The current guideline value of Dr.Soundarammal Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 312 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 676% over this period.

What is the stamp duty on property in Dr.Soundarammal Street?

The stamp duty for property in Dr.Soundarammal Street is 7% of the guideline value or 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.

What are the other streets with similar guideline values in Thiruneermalai?

Other streets in Thiruneermalai with similar guideline values include Dr.Solman Colony, Durga Nagar, Durga Nagar Agathiyar Street, and Durga Nagar Ambedkar Street, all at Rs 2,420 per sq.ft.