Guideline Value for K.M. Manjan Street, Pasumpon Nagar

K.M. Manjan Street, Pasumpon Nagar guideline value

The current guideline value of K.M. Manjan Street, Pasumpon Nagar 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 K.M. Manjan Street, Pasumpon Nagar has changed

The guideline value for K.M. Manjan Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

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.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing K.M. Manjan Street's 2024 figure below that median.

• Kiruba Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Koshi Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Kothadan Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Kesavan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kenndy Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Kennadi Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in K.M. Manjan Street, Pasumpon Nagar

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, bringing the total to 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.

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

Which Sub Registrar Office covers K.M. Manjan Street, Pasumpon Nagar?

The Pammal Sub Registrar Office covers K.M. Manjan Street, 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 an essential factor in property transactions in Pammal. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. Buyers must be aware of these values to understand the costs associated with registration and compliance with local regulations.

Frequently asked questions

What is the current guideline value of K.M. Manjan Street?

The current guideline value of K.M. Manjan Street, Pasumpon Nagar 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 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty for properties on K.M. Manjan Street?

The stamp duty for properties on K.M. Manjan Street is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers K.M. Manjan Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors. It serves as a reference point for property transactions to ensure compliance with local regulations.