Guideline Value for Kamaraj High Road / Pammal Main Road

Kamaraj High Road / Pammal Main Road guideline value

The current guideline value of Kamaraj High Road / Pammal Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kamaraj High Road / Pammal Main Road has changed

The guideline value for Kamaraj High Road / Pammal Main Road has undergone several revisions over the years. In 2002, the value was Rs 320 per sq.ft, which increased to Rs 395 per sq.ft in 2003, marking a change of +23%. The value saw a significant rise to Rs 570 per sq.ft in 2007, representing a +44% increase. By 2017, the guideline value reached Rs 2,010 per sq.ft, reflecting a remarkable +253% change from the previous revision. However, there is no figure available for this street in the 2012 revision.

In 2023, the guideline value was revised to Rs 3,000 per sq.ft, showing a +49% increase from 2017. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, a +10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by +931%.

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 of 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Kamaraj High Road / Pammal Main Road above this median.

• Kamaraj Nagar (1st Street): Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (2nd Street): Rs 1,980 per sq.ft (2024)
• Kamarajar Street, Pammal: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (3rd Street): Rs 1,980 per sq.ft (2024)
• Kamaraj Ngar, Thiruneermalai Road: Rs 1,980 per sq.ft (2024)
• Kamaraj Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kamaraj High Road / Pammal Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kamaraj High Road / Pammal Main Road?

The Kamaraj High Road / Pammal Main Road falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 in property transactions in Pammal, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for property transactions, helping to maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Kamaraj High Road / Pammal Main Road?

The current guideline value of Kamaraj High Road / Pammal Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 320 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +931% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Kamaraj High Road / Pammal Main Road being above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 2,97,000.

Which office handles the registration for Kamaraj High Road / Pammal Main Road?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, handles the registration for Kamaraj High Road / Pammal Main Road.