Guideline Value for Fathima Manzil Street

Fathima Manzil Street guideline value

The current guideline value of Fathima Manzil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO) in the Chengalpattu zone. The land classification for this area is Residential Class II Type - II.

How the guideline value of Fathima Manzil Street has changed

The guideline value for Fathima Manzil Street has undergone several revisions over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 124 per sq.ft. This figure increased to Rs 141 per sq.ft in 2003, marking a change of +14%. The value saw a significant rise to Rs 270 per sq.ft in 2007, which was a +91% increase. By 2017, the guideline value reached Rs 1,206 per sq.ft, reflecting a substantial increase of +347%. The 2023 revision set the value at Rs 1,800 per sq.ft, with a +49% change from the previous revision. The most recent revision in 2024 has raised the value to Rs 1,980 per sq.ft, which is a +10% increase from 2023. Notably, there is no figure available for the 2012 revision for this street.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +1497%, highlighting the significant changes in property valuation over the years.

Guideline values in Pammal

In Pammal village, there are 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 in this area is Rs 2,090 per sq.ft, placing Fathima Manzil Street's 2024 figure below that median.

• Fathima Manzil Road, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Fathima Nagar: Rs 1,980 per sq.ft (2024)
• Fathima Manzal Road, Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Fathima Nagar, Chandran Street: Rs 1,980 per sq.ft (2024)
• Fathima Nagar, Dasan Street: Rs 1,980 per sq.ft (2024)
• Fathima Nagar, Vellachamy Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Fathima Manzil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be 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, making the total cost for these fees Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Fathima Manzil Street?

The Fathima Manzil Street falls under the jurisdiction of 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 of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is utilized to calculate the stamp duty and registration fees, which are mandatory costs in any property transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Fathima Manzil Street?

The current guideline value of Fathima Manzil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 124 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, representing an overall increase of +1497% over the years.

What are the stamp duty and registration fees for property in Fathima Manzil Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Fathima Manzil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value in Pammal?

Yes, there are several other streets in Pammal that share the same guideline value of Rs 1,980 per sq.ft, including Fathima Manzil Road, Fathima Nagar, and others.