Guideline Value for Kuppaswamy Street / Pasumpon Nagar

Kuppaswamy Street / Pasumpon Nagar guideline value

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

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

The guideline value for Kuppaswamy 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, a 59% increase from the previous revision. By 2017, the guideline value had jumped to Rs 1,206 per sq.ft, reflecting a substantial 235% increase from 2007. However, there is no figure available for the year 2012 in the register.

Continuing from 2017, the value increased to Rs 1,800 per sq.ft in 2023, which is a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, showing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has surged by 890%.

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. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Kuppaswamy Street / Pasumpon Nagar's 2024 figure below this median.

• Kuppammal Street / Veeraswamy Nagar: Rs 1,980 per sq.ft (2024)
• Kumaraswamy Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Kumaran Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• K.V.K. Swamy Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kulothungan Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Lakshman Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Kuppaswamy 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 amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, totaling 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.

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

Which Sub Registrar Office covers Kuppaswamy Street / Pasumpon Nagar?

The Kuppaswamy Street / Pasumpon Nagar area is covered by 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 in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it affects the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which can significantly impact the total expenditure during the property purchase process.

Frequently asked questions

What is the current guideline value for Kuppaswamy Street / Pasumpon Nagar?

The current guideline value for Kuppaswamy Street / Pasumpon Nagar is Rs 1,980 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 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over this period.

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 handles registrations for Kuppaswamy Street / Pasumpon Nagar?

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

How does the guideline value affect property transactions?

The guideline value determines the minimum price for property registration and is used to calculate stamp duty and registration fees. It is essential for buyers and sellers to consider this value during property transactions to understand the associated costs.