Guideline Value for Manjan Street (K.M.) / Pasumpon Nagar

Manjan Street (K.M.) / Pasumpon Nagar guideline value

The current guideline value of Manjan Street (K.M.) / 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 with a land classification of Residential Class II Type - II.

How the guideline value of Manjan Street (K.M.) / Pasumpon Nagar has changed

The guideline value for Manjan Street (K.M.) / Pasumpon Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 525 per sq.ft in 2007, reflecting a 132% growth. By 2017, the guideline value reached Rs 1,206 per sq.ft, showing a 130% increase from the previous revision. The register has no figure for this street in 2012.

In the subsequent revisions, the guideline value continued to rise, reaching Rs 1,800 per sq.ft in 2023, a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 890%.

Guideline values in Pammal

In Pammal, there are 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 value for these streets is Rs 2,090 per sq.ft, placing Manjan Street (K.M.) / Pasumpon Nagar's 2024 figure below that median.

• Mani Street (T.R.) / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Manimegalai Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Ma.Po.Si Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Mapupi Street, Sri Saraswathi Muthupandiyan Nagar: Rs 1,980 per sq.ft (2024)
• Maraimalaiaddikal Street /Muthumazhi Nagar: Rs 2,475 per sq.ft (2024)
• Maniammai Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Manjan Street (K.M.) / 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, and 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Manjan Street (K.M.) / Pasumpon Nagar?

The Sub Registrar Office that covers Manjan Street (K.M.) / Pasumpon Nagar is 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. When a property is sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

Frequently asked questions

What is the current guideline value of Manjan Street (K.M.) / Pasumpon Nagar?

The current guideline value of Manjan Street (K.M.) / Pasumpon 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 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 890% over the years.

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 above the current value of Manjan Street (K.M.) / Pasumpon 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.

Where can I find the Sub Registrar Office for Manjan Street (K.M.) / Pasumpon Nagar?

The Sub Registrar Office for Manjan Street (K.M.) / Pasumpon Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.