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Guideline Value

Corporate

Guideline Value for Nalathambi Street / Sholavaram Nagar

₹2750/sq.ft.

The guideline value for Nalathambi Street / Sholavaram Nagar in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
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 ₹570 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹318 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹184 /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 Nalathambi Street / Sholavaram Nagar

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Nalathambi Street / Sholavaram Nagar guideline value

The current guideline value of Nalathambi Street / Sholavaram Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Pammal village and falls under the Pammal SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Nalathambi Street / Sholavaram Nagar has changed

The guideline value has undergone several revisions since 2002. In 2002, the value was Rs 184 per sq.ft, which increased to Rs 318 per sq.ft in 2003, marking a change of +73%. The value rose significantly to Rs 570 per sq.ft in 2007, reflecting an increase of +79%. The 2017 revision saw a further jump to Rs 1,675 per sq.ft, which is a remarkable increase of +194%. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, a rise of +64% from the 2017 figure. Notably, the register has no figures for the years 2012 and 2023 for this street.

Overall, from 2002 to 2024, the guideline value has increased by +1395%. This substantial growth indicates the changing dynamics of property valuation in this area over the years.

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 as of 2024. The median guideline value in this village is Rs 2,090 per sq.ft, placing Nalathambi Street / Sholavaram Nagar's current value above this median.

Stamp duty and registration fee for property in Nalathambi Street / Sholavaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nalathambi Street / Sholavaram Nagar?

The Sub Registrar Office that covers Nalathambi Street / Sholavaram 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 reference point during property transactions in Pammal. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that both buyers and sellers are aware of the minimum value at which properties can be registered.

When a property is sold, the guideline value helps in establishing a baseline for the transaction. This ensures transparency and fairness in the registration process, helping to avoid disputes over property valuations.

Frequently asked questions

What is the current guideline value of Nalathambi Street / Sholavaram Nagar?

The current guideline value of Nalathambi Street / Sholavaram 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 increased significantly from Rs 184 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +1395% over the years.

What is the land classification of Nalathambi Street / Sholavaram Nagar?

The land classification for Nalathambi Street / Sholavaram Nagar is 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, Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty 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 Rs 1,92,500 at 7%.