Guideline Value for Kothadan Street / Pasumpon Nagar

Kothadan Street / Pasumpon Nagar guideline value

The current guideline value of Kothadan Street / Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village and falls under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Kothadan Street / Pasumpon Nagar has changed

The guideline value for Kothadan Street / Pasumpon Nagar has seen significant changes over the years. In 2002, the value was Rs 200 per sq.ft. This increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, which was a 59% increase from the previous revision. Following this, the value surged to Rs 1,206 per sq.ft in 2017, reflecting a remarkable 235% increase. In 2023, the guideline value reached Rs 1,800 per sq.ft, showing a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, a 10% increase from 2023. Notably, there is no figure available for the 2012 revision for this street.

Guideline values in Pammal

Pammal village has 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 Kothadan Street / Pasumpon Nagar's 2024 figure below this median.

• Koshi Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Kovalan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• K.M. Manjan Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Kiruba Street / Anna Nagar: Rs 2,750 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)

Stamp duty and registration fee for property in Kothadan 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, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kothadan Street / Pasumpon Nagar?

The Sub Registrar Office that covers Kothadan Street / Pasumpon Nagar 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 property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will charge stamp duty based on the higher of the sale price or the guideline value.

This ensures that the government receives appropriate revenue from property transactions. Buyers should be aware of the guideline value to understand the potential costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Kothadan Street / Pasumpon Nagar?

The current guideline value of Kothadan 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 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Kothadan Street / Pasumpon Nagar.

What fees are associated with property registration in Kothadan Street / Pasumpon Nagar?

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 Kothadan Street / Pasumpon Nagar located?

The Sub Registrar Office for Kothadan Street / Pasumpon Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.