Guideline Value for Kamarajar Street, Pammal

Kamarajar Street, Pammal guideline value

The current guideline value of Kamarajar Street, Pammal 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 Kamarajar Street, Pammal has changed

The guideline value for Kamarajar Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. As of the 2024 revision, the guideline value stands at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Kamarajar Street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, indicating that Kamarajar Street's 2024 value is below this median.

• Kamaraj High Road / Pammal Main Road: Rs 3,300 per sq.ft (2024)
• Kamaraj Nagar (1st Street): Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar (2nd Street): 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)
• Kamarajar Main Road, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Street, Pammal

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 charges 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 information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Street, Pammal?

Kamarajar Street, Pammal is covered by 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 details.

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

The guideline value is a crucial factor when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded at a value that reflects the local real estate market standards, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Kamarajar Street, Pammal?

The current guideline value of Kamarajar Street, Pammal 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, representing an overall increase of 64% over this period.

What is the classification of Kamarajar Street?

Kamarajar Street is classified as Residential Class II Type - II, indicating its designation for residential use within the area.

Where can I find the Pammal Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000, leading to specific fees based on that value.