Guideline Value

Corporate

Guideline Value for G.S.T. Road

₹8800/sq.ft.

The guideline value for G.s.t. Road in Meenambakkam village (Pammal SRO, Chengalpattu zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Meenambakkam

Village

Pammal

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹878 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹752 /sq.ft.
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 G.s.t. Road

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G.S.T. Road guideline value

The current guideline value of G.S.T. Road in Meenambakkam village is Rs 8,800 per sq.ft, effective from 1 July 2024. This area falls under the Pammal Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of G.S.T. Road has changed

The guideline value for G.S.T. Road has seen significant changes over the years. In 2002, the guideline value was Rs 752 per sq.ft, which increased to Rs 878 per sq.ft in 2003. Following this, the value rose dramatically to Rs 3,000 per sq.ft in 2007, marking a 242% increase from the previous revision. The value further increased to Rs 5,360 per sq.ft in 2017, reflecting a 79% rise. The next revision in 2023 set the value at Rs 8,000 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 raised the guideline value to Rs 8,800 per sq.ft, resulting in a 10% increase from 2023.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1070%.

Guideline values in Meenambakkam

In Meenambakkam, there are 17 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, making G.S.T. Road's 2024 figure above that median.

Stamp duty and registration fee for property in G.S.T. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total cost for these fees to Rs 7,92,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.S.T. Road?

The G.S.T. Road is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Meenambakkam

The guideline value is a crucial factor in property transactions in Meenambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is subject to periodic revisions based on various factors.

When selling property, the guideline value helps establish a baseline for the transaction price. It ensures that the property is registered at a value that reflects its worth according to government standards, which can affect the overall costs associated with the sale.

Frequently asked questions

What is the current guideline value of G.S.T. Road?

The current guideline value of G.S.T. Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 752 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 1070%.

What is the stamp duty rate for properties in G.S.T. Road?

The stamp duty rate for properties in G.S.T. Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

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

What are the other streets in Meenambakkam with guideline values?

Other streets in Meenambakkam include E.V.R. Street at Rs 4,400 per sq.ft, Dr. Ambedkar Street at Rs 1,650 per sq.ft, and Kamaraj Street at Rs 4,400 per sq.ft, among others.