Guideline Value for PAMMAL K. SAMPANTHAR SALAI (WARD -8)

Pammal K. Sampanthar Salai (Ward -8) guideline value

The current guideline value of Pammal K. Sampanthar Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Pammal K. Sampanthar Salai (Ward -8) has changed

The guideline value for Pammal K. Sampanthar Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,072 per sq.ft. The 2023 revision increased the value to Rs 1,600 per sq.ft, and the current 2024 revision has further increased it to Rs 1,760 per sq.ft, marking a 10% rise from the previous year.

From the 2017 revision to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai has a total of 449 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Pammal K. Sampanthar Salai's 2024 figure above this median.

• Pambaikal Street (Per): Rs 660 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 660 per sq.ft (2024)
• Pandian Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Pandidurai Devar Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Pammal K. Sampanthar Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. 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 accurate calculations.

Which Sub Registrar Office covers Pammal K. Sampanthar Salai (Ward -8)?

The Chengleput Joint II Sub Registrar Office covers Pammal K. Sampanthar Salai (Ward -8). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Ninna Karai

The guideline value is a crucial factor in property transactions in Ninna Karai, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws and to calculate the applicable stamp duty and registration fees.

When a property is bought or sold, the guideline value serves as a benchmark for the registration process, ensuring that the transaction is recorded accurately and that the necessary fees are paid based on this established value.

Frequently asked questions

What is the current guideline value of Pammal K. Sampanthar Salai (Ward -8)?

The current guideline value of Pammal K. Sampanthar Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 1,072 per sq.ft in 2017 and an increase to Rs 1,600 per sq.ft in 2023.

What is the classification of land in Pammal K. Sampanthar Salai?

The land classification for Pammal K. Sampanthar Salai is Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal K. Sampanthar Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at the rate of 7%.