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Guideline Value

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Guideline Value for Ganesan Street /Near Pammal Main Road

₹2475/sq.ft.

The guideline value for Ganesan Street /near Pammal Main Road in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 2475 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2475 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹570 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹391 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹346 /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 Ganesan Street /near Pammal Main Road

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Ganesan Street /Near Pammal Main Road guideline value

The current guideline value for Ganesan Street /Near Pammal Main Road is Rs 2,475 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ganesan Street /Near Pammal Main Road has changed

The guideline value for Ganesan Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 346 per sq.ft. In 2003, it increased to Rs 391 per sq.ft, marking a 13% change. The 2007 revision saw a significant jump to Rs 570 per sq.ft, which was a 46% increase. By 2017, the value further escalated to Rs 1,507 per sq.ft, reflecting a 164% rise. The 2023 revision set the value at Rs 2,250 per sq.ft, a 49% increase from the previous revision. The latest revision in 2024 has raised the guideline value to Rs 2,475 per sq.ft, showing a 10% increase from 2023.

It is important to note that there is no figure available for Ganesan Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 615%.

Guideline values in Pammal

Pammal village has a total of 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 Ganesan Street's 2024 figure above this median.

Stamp duty and registration fee for property in Ganesan Street /Near Pammal Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, while the registration fee at 2% would be Rs 49,500. Together, the total cost would be Rs 2,22,750. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesan Street /Near Pammal Main Road?

The Sub Registrar Office that covers Ganesan Street /Near Pammal Main Road is 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 is a critical factor in the registration process when buying or selling property 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 through stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that both parties are protected in the transaction, and the government can maintain accurate records of property values in the area.

Frequently asked questions

What is the current guideline value for Ganesan Street?

The current guideline value for Ganesan Street /Near Pammal Main Road is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 346 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, which is a total increase of 615% over the years.

What is the stamp duty rate for properties in Pammal?

The stamp duty rate for properties in Pammal is 7%, which is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for Ganesan Street?

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

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Ganesan Street's 2024 value being above this median.