Guideline Value for PATTAMMAL GARDEN EXTENSION - I

Pattammal Garden Extension - I guideline value

The current guideline value for Pattammal Garden Extension - I is Rs 4,105 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village, under the Pammal Sub Registrar Office (SRO). The land classification for this street is Residential Special Type - I.

How the guideline value of Pattammal Garden Extension - I has changed

The guideline value for Pattammal Garden Extension - I has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,105 per sq.ft, a significant increase from the Rs 2,500 per sq.ft recorded in the 2017 revision. This change represents a 64% increase over the seven-year period.

It is important to note that the guideline value register does not have figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available figures are from 2017 and 2024.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that Pattammal Garden Extension - I's 2024 figure is above this median.

• Pattammal Garden: Rs 2,750 per sq.ft (2024)
• Paraniputhur Road: Rs 2,200 per sq.ft (2024)
• Periyar Salai: Rs 1,980 per sq.ft (2024)
• Perumal Koil Street (ward 4): Rs 1,980 per sq.ft (2024)
• Perumal Koil Street (ward 7): Rs 1,980 per sq.ft (2024)
• Palayathamman Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pattammal Garden Extension - I

For a 1,000 sq.ft plot at the current guideline value of Rs 4,105 per sq.ft, the total guideline value would be Rs 41,05,000. The stamp duty at 7% would amount to Rs 2,87,350, and the registration fee at 2% would be Rs 82,100, bringing the total to Rs 3,69,450. 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 Pattammal Garden Extension - I?

The Pattammal Garden Extension - I is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value is a crucial factor during property registration in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the necessary fees. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Pattammal Garden Extension - I?

The current guideline value for Pattammal Garden Extension - I is Rs 4,105 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2017 to Rs 4,105 per sq.ft in 2024, marking a 64% increase over this period.

Are there any years without a guideline value for Pattammal Garden Extension - I?

Yes, the guideline value register does not have figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Kerugambakkam?

The median guideline value for the 144 streets in Kerugambakkam is Rs 2,200 per sq.ft, indicating that Pattammal Garden Extension - I's value is above this median.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Pattammal Garden Extension - I, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.