Guideline Value for Masthan Sahib Street / Nehru Nagar

Masthan Sahib Street / Nehru Nagar guideline value

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

How the guideline value of Masthan Sahib Street / Nehru Nagar has changed

The guideline value for Masthan Sahib Street / Nehru Nagar has undergone several revisions over the years. In 2002, the value was Rs 194 per sq.ft, which increased to Rs 232 per sq.ft in 2003, marking a change of +20%. By 2007, the value rose significantly to Rs 470 per sq.ft, reflecting a +103% increase. The 2017 revision saw the value jump to Rs 1,206 per sq.ft, a remarkable increase of +157%. In 2023, the guideline value reached Rs 1,800 per sq.ft, which was a +49% change from the previous revision. The latest revision in 2024 sets the value at Rs 1,980 per sq.ft, representing a +10% increase from 2023. There is no figure available for the 2012 revision for this street.

Overall, from 2002 to 2024, the guideline value has increased by +921%. This substantial growth reflects the evolving real estate landscape in the area.

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 for these streets is Rs 2,090 per sq.ft, positioning the 2024 figure for Masthan Sahib Street / Nehru Nagar below this median.

• Masthan Sherif Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masuran Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Masooran Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Maruthupandiyar Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Maruthi Street /Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Maruthi Street, Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Masthan Sahib Street / Nehru 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, bringing the total fees together 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.

For more information on calculating these fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Masthan Sahib Street / Nehru Nagar?

The Sub Registrar Office that covers Masthan Sahib Street / Nehru 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with the prevailing market conditions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Masthan Sahib Street / Nehru Nagar?

The current guideline value for Masthan Sahib Street / Nehru 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 seen significant increases over the years, from Rs 194 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of +921%.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

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

What are the other streets in Pammal with the same guideline value?

Other streets in Pammal with the same guideline value of Rs 1,980 per sq.ft include Masthan Sherif Street / Nehru Nagar, Masuran Street in Pasumpon Nagar, and Masooran Street in Moovendhar Nagar.