Guideline Value for Irattai Pillaiyar Koil 2nd Street, Pammal

Irattai Pillaiyar Koil 2nd Street, Pammal guideline value

The current guideline value of Irattai Pillaiyar Koil 2nd Street, Pammal is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Pammal village and is classified as Residential Class II Type - I, managed by the Pammal SRO.

How the guideline value of Irattai Pillaiyar Koil 2nd Street, Pammal has changed

The guideline value for Irattai Pillaiyar Koil 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Irattai Pillaiyar Koil 2nd Street's 2024 value above this median.

• Irattai Pillaiyar Koil 1st 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 2nd 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, bringing the total cost to 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.

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

Which Sub Registrar Office covers Irattai Pillaiyar Koil 2nd Street, Pammal?

The Sub Registrar Office covering Irattai Pillaiyar Koil 2nd Street is 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 Pammal

The guideline value is a crucial factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Irattai Pillaiyar Koil 2nd Street, Pammal?

The current guideline value of Irattai Pillaiyar Koil 2nd 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, representing a total increase of 64% over these years.

What are the other streets with the same guideline value in Pammal?

Other streets in Pammal with the same guideline value of Rs 2,200 per sq.ft for 2024 include Irattai Pillaiyar Koil 1st Street, Irattai Pillaiyar Koil Street, and various streets in Indra Nagar.

What is the registration fee for property in Irattai Pillaiyar Koil 2nd Street, Pammal?

The registration fee for property in Irattai Pillaiyar Koil 2nd Street is calculated based on the guideline value. For example, for a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Which office handles registrations for this street?

The Pammal Sub Registrar Office is responsible for handling registrations for Irattai Pillaiyar Koil 2nd Street, Pammal. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.