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 Panangottur village under the Chengleput Joint II SRO, and the land classification is 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 when it dropped to Rs 1,072 per sq.ft. This was followed by a significant increase to Rs 1,600 per sq.ft in 2023, and the latest revision in 2024 raised it further to Rs 1,760 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023 and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, placing Pammal K. Sampanthar Salai's 2024 figure above that median.

• Pambaikal Street (Per): Rs 660 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 440 per sq.ft (2024)
• Pandian Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Pallavan Street (Ward -5): Rs 1,320 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 amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate costs for your property transactions.

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

The Pammal K. Sampanthar Salai (Ward -8) is covered by the Chengleput Joint II Sub Registrar Office, 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 Panangottur

The guideline value is a crucial factor in the registration process for property transactions in Panangottur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. It is important for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

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 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for Pammal K. Sampanthar Salai?

The land classification for Pammal K. Sampanthar Salai is Residential Special Type - III.

Where is the Chengleput Joint II Sub Registrar Office located?

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 property transactions?

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