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Guideline Value

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Guideline Value for Kuppammal Street / Veeraswamy Nagar

₹1980/sq.ft.

The guideline value for Kuppammal Street / Veeraswamy Nagar in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹360 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹208 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹184 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kuppammal Street / Veeraswamy Nagar

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Kuppammal Street / Veeraswamy Nagar guideline value

The current guideline value of Kuppammal Street / Veeraswamy 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 Kuppammal Street / Veeraswamy Nagar has changed

The guideline value for Kuppammal Street / Veeraswamy Nagar has undergone several revisions over the years. In 2002, the value was Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value then saw a significant jump to Rs 360 per sq.ft in 2007, a 73% increase from the previous revision. By 2017, the guideline value escalated dramatically to Rs 1,206 per sq.ft, reflecting a 235% increase from 2007. However, there is no figure available for the year 2012.

From 2017 to 2023, the guideline value rose to Rs 1,800 per sq.ft, a 49% increase. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 976%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Kuppammal Street / Veeraswamy Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Kuppammal Street / Veeraswamy 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 be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuppammal Street / Veeraswamy Nagar?

The Sub Registrar Office that covers Kuppammal Street / Veeraswamy Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can find your SRO here.

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

The guideline value is an essential factor when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When a property is sold, the final sale price must be compared to the guideline value. The higher of the two is used to assess the applicable duties and fees. This ensures that the registration process is transparent and fair for all parties involved.

Frequently asked questions

What is the current guideline value of Kuppammal Street / Veeraswamy Nagar?

The current guideline value of Kuppammal Street / Veeraswamy 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 184 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 976% across the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal for 2024 is Rs 2,090 per sq.ft, which is higher than the guideline value of Kuppammal Street / Veeraswamy Nagar.

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

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.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, covers Kuppammal Street / Veeraswamy Nagar.