Guideline Value for Lingam Street / Samundeswari Nagar

Lingam Street / Samundeswari Nagar guideline value

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

How the guideline value of Lingam Street / Samundeswari Nagar has changed

The guideline value for Lingam Street / Samundeswari Nagar has seen significant changes over the years. In the 2002 revision, the value was Rs 163 per sq.ft, which increased to Rs 214 per sq.ft in 2003, marking a 31% rise. The value rose further to Rs 360 per sq.ft in 2007, a 68% increase from the previous revision. By 2017, it had reached Rs 1,206 per sq.ft, reflecting a substantial 235% increase. However, there is no figure available for the 2012 revision.

In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, which saw a 10% increase to the current value of Rs 1,980 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1115%.

Guideline values in Pammal

In Pammal village, there are 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 for these streets is Rs 2,090 per sq.ft, placing Lingam Street / Samundeswari Nagar's current value below this median.

• Lingam Street Extn.,/ Senthil Nagar: Rs 1,980 per sq.ft (2024)
• LIC Colony Extension: Rs 2,530 per sq.ft (2024)
• LIC Colony, 7th Cross Street,: Rs 2,530 per sq.ft (2024)
• LIC Colony 6th Street: Rs 2,530 per sq.ft (2024)
• LIC Colony, 6th Cross Street,: Rs 2,530 per sq.ft (2024)
• LIC Colony 5th Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Lingam Street / Samundeswari 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, bringing the total fees to 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 details.

Which Sub Registrar Office covers Lingam Street / Samundeswari Nagar?

The Sub Registrar Office covering Lingam Street / Samundeswari 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 plays a crucial role in property transactions in Pammal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value serves as a benchmark for the official assessment of property transactions.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any potential disputes or discrepancies related to property valuation.

Frequently asked questions

What is the current guideline value of Lingam Street / Samundeswari Nagar?

The current guideline value of Lingam Street / Samundeswari 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 significantly from Rs 163 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 1115% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Lingam Street / Samundeswari 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 covers Lingam Street / Samundeswari Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.