Guideline Value for Fathima Nagar, Chandran Street

Fathima Nagar, Chandran Street guideline value

The current guideline value of Fathima Nagar, Chandran Street is Rs 1,980 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 II Type - II.

How the guideline value of Fathima Nagar, Chandran Street has changed

In the 2017 revision, the guideline value for Fathima Nagar, Chandran Street was Rs 1,206 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent 2024 revision has set the guideline value at Rs 1,980 per sq.ft, which is a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values 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 the 2024 figure for Fathima Nagar, Chandran Street below the median.

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

Stamp duty and registration fee for property in Fathima Nagar, Chandran 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 amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration would be Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Fathima Nagar, Chandran Street?

The Fathima Nagar, Chandran Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately by the authorities.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Fathima Nagar, Chandran Street?

The current guideline value of Fathima Nagar, Chandran Street 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 seen several revisions, increasing from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Fathima Nagar, Chandran Street?

Fathima Nagar, Chandran Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Fathima Nagar, Chandran Street?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,38,600.