Guideline Value for Joshi Street

Joshi Street guideline value

The current guideline value of Joshi Street in Pammal village, under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Joshi Street has changed

The guideline value for Joshi Street has seen significant changes over the years. In the 2002 revision, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, reflecting a 38% increase. Following this, the 2017 revision set the value at Rs 1,206 per sq.ft, a substantial 235% increase from 2007. The value further increased to Rs 1,800 per sq.ft in 2023, a 49% rise from the previous revision. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, which is a 10% increase from 2023.

It is important to note that the register has no figure for Joshi Street in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Pammal

In Pammal, there are 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 value for these streets is Rs 2,090 per sq.ft, placing Joshi Street's 2024 figure below this median.

• Jothi Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Jeevanandhan Street / Nagalkeni: Rs 1,980 per sq.ft (2024)
• Jeevanandhan Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Jeevanandham Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Jayatheerthan Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Jayatheeratha Rao Street, LIC Colony Extn: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Joshi 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, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Joshi Street?

The Sub Registrar Office that covers Joshi 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 is a crucial factor in the registration process of property transactions in Pammal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value serves as a baseline for the transaction. It helps in establishing a fair price for the property, ensuring that both buyers and sellers are aware of the minimum value recognized by the government.

Frequently asked questions

What is the current guideline value of Joshi Street?

The current guideline value of Joshi 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 increased from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 761% over this period.

Is there a figure for Joshi Street in the 2012 revision?

No, the register has no figure for Joshi Street in the 2012 revision.

What are the stamp duty and registration fees for property on Joshi Street?

For a property valued at 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.

Where is the Sub Registrar Office for Joshi Street located?

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