Guideline Value for Ibrahaim Motha Street

Ibrahaim Motha Street guideline value

The current guideline value of Ibrahaim Motha 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 Ibrahaim Motha Street has changed

Over the years, the guideline value of Ibrahaim Motha Street has seen significant changes. The 2002 revision recorded a value of Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, reflecting a 73% increase. Following this, the 2017 revision set the value at Rs 1,206 per sq.ft, a substantial increase of 235%. The 2023 revision brought the value to Rs 1,800 per sq.ft, a 49% increase. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there is no figure available for Ibrahaim Motha Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 976%.

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 for these streets is Rs 2,090 per sq.ft, placing Ibrahaim Motha Street's 2024 figure below this median.

• H.L.Lever colony/Anna Nagar: Rs 2,750 per sq.ft (2024)
• H.L. Colony ,Cross Street: Rs 2,530 per sq.ft (2024)
• H.L. Colony,2nd Cross Street: Rs 2,530 per sq.ft (2024)
• H.L. Colony,1st Cross Street: Rs 2,750 per sq.ft (2024)
• Hindustan Lever Colony 1st Main Road: Rs 2,530 per sq.ft (2024)
• Indira Gandhi Street, Muthamiaz Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ibrahaim Motha 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 would be 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 Ibrahaim Motha Street?

The Sub Registrar Office that covers Ibrahaim Motha Street 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 plays a crucial role when buying or selling property in Pammal. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value is a standard reference for property transactions in the area.

When a property is registered, the buyer will be required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Ibrahaim Motha Street?

The current guideline value of Ibrahaim Motha 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 changed significantly, increasing from Rs 184 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 976%.

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, which is higher than the current value of Ibrahaim Motha Street.

What are the stamp duty and registration fees for Ibrahaim Motha Street?

For a 1,000 sq.ft plot, the total guideline value is 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 office handles registrations for Ibrahaim Motha Street?

The Pammal Sub Registrar Office handles registrations for Ibrahaim Motha Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.