Guideline Value for Ma.Po.Si Street, Easwaran Nagar

Ma.Po.Si Street, Easwaran Nagar guideline value

The current guideline value of Ma.Po.Si Street, Easwaran Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Ma.Po.Si Street, Easwaran Nagar has changed

The guideline value has undergone several revisions over the years. In 2017, the value was Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Ma.Po.Si Street for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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, making the 2024 figure for Ma.Po.Si Street above this median.

• Mapupi Street, Sri Saraswathi Muthupandiyan Nagar: Rs 1,980 per sq.ft (2024)
• Maraimalaiaddikal Street /Muthumazhi Nagar: Rs 2,475 per sq.ft (2024)
• Mariadoss Compound, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,980 per sq.ft (2024)
• Manjan Street (K.M.) / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Mariamman Koil Street / Adam Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ma.Po.Si Street, Easwaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ma.Po.Si Street, Easwaran Nagar?

The Sub Registrar Office that covers Ma.Po.Si Street, Easwaran 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 during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value ensures transparency and fairness in the transaction process. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ma.Po.Si Street, Easwaran Nagar?

The current guideline value of Ma.Po.Si Street, Easwaran Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Ma.Po.Si Street, Easwaran Nagar?

Ma.Po.Si Street, Easwaran Nagar is classified as Commercial Class I Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties on Ma.Po.Si Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,92,500.