Guideline Value for Fathima Nagar, Dasan Street

Fathima Nagar, Dasan Street guideline value

The current guideline value of Fathima Nagar, Dasan 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). The land classification for this area is Residential Class II Type - II.

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

The guideline value for Fathima Nagar, Dasan Street has seen several revisions over the years. The 2017 revision set the guideline value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the value further to Rs 1,980 per sq.ft, marking a 10% increase 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 recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions include a 49% increase from 2017 to 2023, and a total increase of 64% from 2017 to 2024.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in Pammal is Rs 2,090 per sq.ft, positioning Fathima Nagar, Dasan Street below this median.

• Fathima Nagar, Chandran Street: Rs 1,980 per sq.ft (2024)
• Fathima Nagar, Vellachamy 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 Manzil Road, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Fernandas Street (Geroge) / VOC Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Fathima Nagar, Dasan Street

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 registration 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Fathima Nagar, Dasan Street?

The Fathima Nagar, Dasan Street is covered by the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Fathima Nagar, Dasan 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which means that Fathima Nagar, Dasan Street's current value is below this median.

What are the stamp duty rates for property in Fathima Nagar, Dasan Street?

The stamp duty rate for property in Fathima Nagar, Dasan Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

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