Guideline Value for PASUMAI NAGAR

Pasumai Nagar guideline value

The current guideline value of Pasumai Nagar, located in Merattur village under the Ponneri SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Pasumai Nagar has changed

The guideline value for Pasumai Nagar has remained consistent at Rs 150 per sq.ft since the 2017 revision. The 2024 revision also lists the guideline value at Rs 150 per sq.ft, indicating no change from the previous revision in 2017.

For the years 2023, 2012, 2007, 2003, and 2002, the register has no figure for this street. Therefore, the only available figures for Pasumai Nagar are from the 2017 and 2024 revisions, both at Rs 150 per sq.ft.

Guideline values in Merattur

In Merattur, there are five streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 150 per sq.ft. The median value for these streets is also Rs 150 per sq.ft, making Pasumai Nagar's 2024 figure equal to that median.

• Rds Nagar Phase I & II: Rs 150 per sq.ft (2024)
• Saraswathy Avenue: Rs 150 per sq.ft (2024)
• Sri Jayam Nagar: Rs 150 per sq.ft (2024)
• Sri Subramaniya Gandhi Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Pasumai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pasumai Nagar?

The Sub Registrar Office that covers Pasumai Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Merattur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property in this area, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Buyers and sellers should consult the guideline value register to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pasumai Nagar?

The current guideline value of Pasumai Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pasumai Nagar has not changed since the 2017 revision, remaining at Rs 150 per sq.ft in the 2024 revision. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register.

What are the other streets in Merattur with the same guideline value?

Other streets in Merattur under the Ponneri SRO also carry a guideline value of Rs 150 per sq.ft in 2024. These include Rds Nagar Phase I & II, Saraswathy Avenue, Sri Jayam Nagar, and Sri Subramaniya Gandhi Nagar.

How is stamp duty calculated for properties in Pasumai Nagar?

Stamp duty for properties in Pasumai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.

Where can I find the Sub Registrar Office for Pasumai Nagar?

The Sub Registrar Office for Pasumai Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information by searching for your SRO online.