Guideline Value for PATTAMMAL GARDEN

Pattammal Garden guideline value

The current guideline value of Pattammal Garden is Rs 2,750 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 Class I Type - I.

How the guideline value of Pattammal Garden has changed

The guideline value for Pattammal Garden has seen several revisions over the years. The 2017 revision set the guideline value at Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has further increased the value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 guideline value for these streets is Rs 2,200 per sq.ft, placing Pattammal Garden's 2024 figure above this median.

• Pattammal Garden Extension - I: Rs 4,105 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the 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 information.

Which Sub Registrar Office covers Pattammal Garden?

The Pattammal Garden area 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kerugambakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pattammal Garden?

The current guideline value of Pattammal Garden is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Pattammal Garden?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500 based on the current guideline value.

Which Sub Registrar Office covers Pattammal Garden?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The higher of the sale price or the guideline value is considered for these calculations.