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Guideline Value

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Guideline Value for NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR)

₹2750/sq.ft.

The guideline value for Nammazhvar 3rd Street (ramachandra Nagar) in Pozhichalur village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pozhichalur

Village

Pammal

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Nammazhvar 3rd Street (ramachandra Nagar)

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NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) guideline value

The current guideline value of NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO with a land classification of Commercial Special Type - I.

How the guideline value of NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) has changed

The guideline value for NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in the 2023 revision, representing a 10% rise. Looking back further, the value was Rs 1,675 per sq.ft in 2017, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The revisions that do have figures show a clear upward trend in the guideline value over the years.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, which ranges from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) above this median.

Stamp duty and registration fee for property in NAMMAZHVAR 3rd STREET (RAMACHANDRA 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 cost for these 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.

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

Which Sub Registrar Office covers NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR)?

The Sub Registrar Office that covers NAMMAZHVAR 3rd STREET (RAMACHANDRA 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 Pozhichalur

The guideline value plays a crucial role in the registration process of property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that a buyer must pay when purchasing property. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the agreed sale price.

Additionally, understanding the guideline value is essential for both buyers and sellers, as it provides a reference point for property transactions within the locality. It helps ensure that the transaction is conducted fairly and in accordance with legal requirements.

Frequently asked questions

What is the current guideline value of NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR)?

The current guideline value of NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64%. The most recent change was a 10% increase from Rs 2,500 per sq.ft in 2023.

What is the land classification for NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR)?

NAMMAZHVAR 3rd STREET (RAMACHANDRA NAGAR) is classified as Commercial Special Type - I. This classification can affect the types of developments permitted in the area.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. This is the office where property transactions for this area are registered.

How is the stamp duty calculated for properties in Pozhichalur?

Stamp duty for properties in Pozhichalur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be calculated at 7% of that amount.