Guideline Value for Krishnan Street (N.D.) Pasumpon Nagar

Krishnan Street (N.D.) Pasumpon Nagar guideline value

The current guideline value of Krishnan Street (N.D.) Pasumpon Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Krishnan Street (N.D.) Pasumpon Nagar has changed

The guideline value for Krishnan Street (N.D.) Pasumpon Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value then saw a substantial jump to Rs 360 per sq.ft in 2007, reflecting a 59% increase. By 2017, the value rose dramatically to Rs 1,340 per sq.ft, a 272% increase from the previous revision. The 2023 revision set the value at Rs 2,000 per sq.ft, showing a 49% increase from 2017. The latest revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, a 10% increase from 2023.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1000%.

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 Krishnan Street (N.D.) Pasumpon Nagar's 2024 figure above this median.

• Krishnan Street (G) Lord Srinivasa Colony: Rs 2,200 per sq.ft (2024)
• Krishnan Street, Nehru Nagar: Rs 2,200 per sq.ft (2024)
• Krishnasamy Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Krishna Nagar, 6th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar, 5th Street: Rs 2,530 per sq.ft (2024)
• Krishna Nagar / 5th Cross Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Krishnan Street (N.D.) Pasumpon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Krishnan Street (N.D.) Pasumpon Nagar?

The Sub Registrar Office that covers Krishnan Street (N.D.) Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 when buying or selling property in Pammal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

When you approach the registration office, the guideline value will be assessed to ensure that the transaction is compliant with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Krishnan Street (N.D.) Pasumpon Nagar?

The current guideline value of Krishnan Street (N.D.) Pasumpon Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1000% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, with Krishnan Street (N.D.) Pasumpon Nagar's 2024 figure being above this median.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Which office handles property registrations for Krishnan Street (N.D.) Pasumpon Nagar?

The Pammal Sub Registrar Office handles property registrations for Krishnan Street (N.D.) Pasumpon Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.