Guideline Value for Nehru Street / Near Pammal Main Road

Nehru Street / Near Pammal Main Road guideline value

The current guideline value for Nehru Street / Near Pammal Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Nehru Street / Near Pammal Main Road has changed

The guideline value for Nehru Street has seen significant changes over the years. In 2002, the value was Rs 346 per sq.ft, which increased to Rs 391 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 570 per sq.ft in 2007, a 46% increase, and further jumped to Rs 1,541 per sq.ft in 2017, reflecting a substantial 170% change. The 2023 revision set the value at Rs 2,300 per sq.ft, a 49% increase from the previous figure.

The most recent revision in 2024 has established the guideline value at Rs 2,530 per sq.ft, which is a 10% increase from 2023. It is important to note that there is no figure available for the year 2012 in the register for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Nehru Street / Near Pammal Main Road is above this median.

• Nehru Street /Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Nehru Salai/Nagelkeni: Rs 1,980 per sq.ft (2024)
• Nehru Salai/ Anna Nagar: Rs 2,750 per sq.ft (2024)
• Nehru Nagar ,3rd Street: Rs 1,980 per sq.ft (2024)
• Nehru Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Nehru Nagar ,2nd Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Street / Near Pammal Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total fees to Rs 2,27,700. It is important to note that 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 Nehru Street / Near Pammal Main Road?

The Sub Registrar Office that covers Nehru Street / Near Pammal Main Road 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 information.

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

The guideline value is an essential factor during property registration in Pammal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When buying or selling property, the guideline value serves as a benchmark for the transaction. It ensures that the transaction is recorded at a value that reflects the official rates set by the registration department.

Frequently asked questions

What is the current guideline value of Nehru Street?

The current guideline value of Nehru Street / Near Pammal Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 346 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, showing an overall increase of 631% over the years.

What is the stamp duty rate for properties in Pammal?

The stamp duty rate for properties in Pammal is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

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

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Nehru Street's value being above this median at Rs 2,530 per sq.ft.