Guideline Value for Irattai Pillaiyar Koil Street, Pammal

Irattai Pillaiyar Koil Street, Pammal guideline value

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

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

In the 2017 revision, the guideline value for Irattai Pillaiyar Koil Street was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the value further increase by 10%, bringing it to Rs 2,200 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This demonstrates a consistent upward trend in the guideline value over the years.

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

• Irattai Pillaiyar Koil 2nd Street, Pammal: Rs 2,200 per sq.ft (2024)
• Irattai Pillaiyar Koil 1st 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 Street, Pammal

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that 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 Street, Pammal?

The Sub Registrar Office that covers Irattai Pillaiyar Koil Street, Pammal is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO online for more details.

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

The guideline value is a crucial factor during property registration in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared with the sale price. The higher amount is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How 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 median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, which means that Irattai Pillaiyar Koil Street's 2024 figure is above this median.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Pammal?

The Sub Registrar Office for Pammal is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details online.