Guideline Value for OUR LADY FARM

Our Lady Farm guideline value

The current guideline value of Our Lady Farm in Kerugambakkam village, under the Pammal SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Our Lady Farm has changed

In the 2017 revision, the guideline value for Our Lady Farm was Rs 1,340 per sq.ft. This represents a significant increase of 64% to the current value of Rs 2,200 per sq.ft established in the 2024 revision. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 1,340 to Rs 2,200 per sq.ft. This change reflects the latest valuation adjustments made by the Registration Department.

Guideline values in Kerugambakkam

Kerugambakkam has a total of 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Our Lady Farm.

• Om Sri Sai Nagar: Rs 2,860 per sq.ft (2024)
• Omathur Ramasamy reddiar Street: Rs 1,980 per sq.ft (2024)
• Palayathamman Koil Street: Rs 1,980 per sq.ft (2024)
• Nethaji Street: Rs 1,980 per sq.ft (2024)
• Paraniputhur Road: Rs 2,200 per sq.ft (2024)
• Pattammal Garden: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Our Lady Farm

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Our Lady Farm?

The Sub Registrar Office that covers Our Lady Farm 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 Kerugambakkam

The guideline value is a crucial factor in property transactions in Kerugambakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Our Lady Farm?

The current guideline value of Our Lady Farm is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of 64%.

Are there any revisions for Our Lady Farm in the years 2023, 2012, 2007, 2003, or 2002?

The register has no figure for Our Lady Farm for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for Our Lady Farm?

The land classification for Our Lady Farm is Residential Class II Type - I.

Where is the Pammal Sub Registrar Office located?

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