Guideline Value for PAMBAIKARA STREET

Pambaikara Street guideline value

The current guideline value of Pambaikara Street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Pambaikara Street has changed

The guideline value for Pambaikara Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 50 per sq.ft. This was followed by a decrease to Rs 33 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 203%, bringing the value to Rs 100 per sq.ft. The most recent revision in 2024 set the value at Rs 102 per sq.ft, marking a 2% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. Pambaikara Street's 2024 guideline value is below this median.

• Panchanga Iyer Street: Rs 175 per sq.ft (2024)
• Padasalai Street: Rs 100 per sq.ft (2024)
• Perumal Koil Street: Rs 175 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 175 per sq.ft (2024)
• Nakshatra Nagar: Rs 100 per sq.ft (2024)
• Nakshatra Avenue: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Pambaikara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, totaling Rs 9,180. Please note that the 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 details.

Which Sub Registrar Office covers Pambaikara Street?

Pambaikara Street falls under the jurisdiction of the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Salavakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to determine the applicable fees. This ensures that all transactions are conducted transparently and fairly, based on established values.

Frequently asked questions

What is the current guideline value of Pambaikara Street?

The current guideline value of Pambaikara Street is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 50 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, reflecting an overall increase of 104% over this period.

What is the land classification for Pambaikara Street?

Pambaikara Street is classified as Residential Class V Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Pambaikara Street?

The Sub Registrar Office for Pambaikara Street is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000, leading to specific fees that can be calculated using the available online calculator.