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Guideline Value

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Guideline Value for Fathima Manzil Road, Meenakshi Nagar

₹1980/sq.ft.

The guideline value for Fathima Manzil Road, Meenakshi Nagar 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 Fathima Manzil Road, Meenakshi Nagar

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Fathima Manzil Road, Meenakshi Nagar guideline value

The current guideline value of Fathima Manzil Road, Meenakshi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Fathima Manzil Road, Meenakshi Nagar has changed

Over the years, the guideline value of Fathima Manzil Road has seen significant changes. 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, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2024 revision, the overall increase in the guideline value is 64%. This consistent rise indicates a gradual adjustment in the valuation of properties along Fathima Manzil Road, Meenakshi Nagar, as reflected in the revisions over the years.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing Fathima Manzil Road's current value below this median.

Stamp duty and registration fee for property in Fathima Manzil Road, Meenakshi Nagar

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 cost for these fees 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Fathima Manzil Road, Meenakshi Nagar?

The Fathima Manzil Road, Meenakshi Nagar is covered by 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 plays a crucial role in the registration process for property transactions in Pammal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

During the registration process, the guideline value helps establish a baseline for property valuation. This ensures that the transaction is recorded accurately in the official records, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Fathima Manzil Road?

The current guideline value of Fathima Manzil Road, Meenakshi Nagar 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 changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the official website.

What are the stamp duty and registration fees for properties in Pammal?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200.

What is the median guideline value of streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft. Fathima Manzil Road's current value is below this median.