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Guideline Value

Corporate

Guideline Value for East Main Road, Shankar Nagar

₹2750/sq.ft.

The guideline value for East Main Road, Shankar Nagar in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /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 East Main Road, Shankar Nagar

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East Main Road, Shankar Nagar guideline value

The current guideline value of East Main Road, Shankar Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of East Main Road, Shankar Nagar has changed

Over the years, the guideline value of East Main Road, Shankar Nagar has seen significant changes. The 2017 revision recorded a value of Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in the 2023 revision. The latest 2024 revision shows a further increase to Rs 2,750 per sq.ft, marking a 10% rise 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 between the revisions highlight a substantial increase in the guideline value, particularly between 2017 and 2023, where it rose by 49%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing East Main Road, Shankar Nagar above this median.

Stamp duty and registration fee for property in East Main Road, Shankar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Main Road, Shankar Nagar?

The Sub Registrar Office covering East Main Road, Shankar 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 is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the seller and buyer must consider the guideline value to ensure compliance with registration requirements. This value helps in establishing a fair transaction and is used to assess the applicable fees during the registration process.

Frequently asked questions

What is the current guideline value of East Main Road, Shankar Nagar?

The current guideline value of East Main Road, Shankar Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Duruvan Street /Krishna Nagar at Rs 2,530 per sq.ft, and several streets in Easwaran Nagar, all ranging from Rs 2,725 to Rs 2,750 per sq.ft in 2024.

What is the stamp duty rate for properties in East Main Road, Shankar Nagar?

The stamp duty rate for properties in East Main Road, Shankar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for East Main Road, Shankar Nagar?

The Sub Registrar Office for East Main Road, Shankar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, under the Chengalpattu registration zone.