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 Peramanoor village and falls under the Chengleput Joint II SRO with a land classification of 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. However, the value increased significantly in the subsequent revisions, rising to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, while the change from 2023 to 2024 reflects a 10% increase. 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Pammal K. Sampanthar Salai's 2024 figure is above this median.

• Pambaikal Street (Per): Rs 661 per sq.ft (2024)
• Panankottur (Ward -15): Rs 550 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 550 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, bringing the total cost for these fees to 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 for more details.

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

The Sub Registrar Office that covers Pammal K. Sampanthar Salai (Ward -8) is 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 Peramanoor

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated based on the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

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 to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024. The most significant increase was 49% from 2017 to 2023.

What is the land classification for 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 Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

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, for a property valued at Rs 17,60,000, the stamp duty would be 7% of that amount.