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Guideline Value

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Guideline Value for Manimegalai Street / Thiruvalluvar Nagar

₹2475/sq.ft.

The guideline value for Manimegalai Street / Thiruvalluvar Nagar in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 2475 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2475 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /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 ₹260 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹230 /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 Manimegalai Street / Thiruvalluvar Nagar

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Manimegalai Street / Thiruvalluvar Nagar guideline value

The current guideline value of Manimegalai Street / Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Manimegalai Street / Thiruvalluvar Nagar has changed

The guideline value has seen significant changes over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. By 2007, the value jumped to Rs 360 per sq.ft, representing a 38% increase. The 2017 revision recorded a substantial increase to Rs 1,507 per sq.ft, which was a remarkable 319% rise from 2007. The 2023 revision brought the guideline value to Rs 2,250 per sq.ft, a 49% increase from 2017. The current value of Rs 2,475 per sq.ft in 2024 reflects a 10% increase from the previous year.

There is no figure available for the 2012 revision for this street. 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 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 the 2024 guideline value of Manimegalai Street / Thiruvalluvar Nagar above this median.

Stamp duty and registration fee for property in Manimegalai Street / Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, making the total fees Rs 2,22,750. 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 information.

Which Sub Registrar Office covers Manimegalai Street / Thiruvalluvar Nagar?

The Sub Registrar Office covering Manimegalai Street / Thiruvalluvar 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 details.

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

The guideline value is a crucial factor in the property registration process in Pammal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark. Buyers should be aware that the stamp duty is calculated based on the higher amount between the guideline value and the actual sale price, ensuring that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Manimegalai Street / Thiruvalluvar Nagar?

The current guideline value of Manimegalai Street / Thiruvalluvar Nagar is Rs 2,475 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 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 976% over this period.

What is the land classification for Manimegalai Street / Thiruvalluvar Nagar?

Manimegalai Street / Thiruvalluvar Nagar is classified as Residential Class I Type - II.

What is the registration office for properties in Pammal?

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

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,75,000, the stamp duty would be calculated at 7% of this amount.