Guideline Value for Irattai Pillaiyar Koil 1st Street, Pammal

Irattai Pillaiyar Koil 1st Street, Pammal guideline value

The current guideline value for Irattai Pillaiyar Koil 1st Street, Pammal is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and falls under the Residential Class II Type - I land classification.

How the guideline value of Irattai Pillaiyar Koil 1st Street, Pammal has changed

The guideline value for Irattai Pillaiyar Koil 1st Street has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2023 revision, marking a rise of 10%. Prior to that, in the 2017 revision, the value was Rs 1,340 per sq.ft, which indicates a substantial increase of 49% to the 2023 figure. 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. Therefore, the only recorded revisions are from 2017, 2023, and the current 2024 figures.

Guideline values in Pammal

Pammal has a total of 926 streets under the Pammal SRO, with 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 Irattai Pillaiyar Koil 1st Street's 2024 figure above this median.

• Irattai Pillaiyar Koil 2nd Street, Pammal: Rs 2,200 per sq.ft (2024)
• Irattai Pillaiyar Koil Street, Pammal: Rs 2,200 per sq.ft (2024)
• Indra Nagar (All Streets): Rs 2,200 per sq.ft (2024)
• Indra Nagar, 2nd Street: Rs 2,200 per sq.ft (2024)
• Indra Nagar, 1st Street: Rs 2,200 per sq.ft (2024)
• Indra Gandhi Salai (Anna Nagar): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Irattai Pillaiyar Koil 1st Street, Pammal

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Irattai Pillaiyar Koil 1st Street, Pammal?

The Sub Registrar Office that covers Irattai Pillaiyar Koil 1st 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 details.

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

The guideline value is a crucial factor when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is used to calculate these fees, ensuring that they are in compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is utilized to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Irattai Pillaiyar Koil 1st Street, Pammal?

The current guideline value for Irattai Pillaiyar Koil 1st Street, Pammal is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Irattai Pillaiyar Koil 1st Street?

Irattai Pillaiyar Koil 1st Street falls under the Residential Class II Type - I land classification.

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 the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.