Guideline Value for PATTAMMAL NAGAR

Pattammal Nagar guideline value

The current guideline value of Pattammal Nagar, located in Malayambakkam village under the Kunrathur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Pattammal Nagar has changed

The guideline value for Pattammal Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase from Rs 2,002 per sq.ft in the 2023 revision. This change represents a 10% increase from the previous year.

Prior to the 2023 revision, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002. As such, the only available figures for Pattammal Nagar are from 2023 and 2024.

Guideline values in Malayambakkam

In Malayambakkam, a total of 82 streets are covered under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 450 to Rs 2,750 per sq.ft. The median value for these streets is Rs 935 per sq.ft, making Pattammal Nagar's 2024 figure of Rs 2,200 per sq.ft significantly above the median.

• Pari Garden: Rs 935 per sq.ft (2024)
• Paradise: Rs 2,310 per sq.ft (2024)
• Papa City: Rs 800 per sq.ft (2024)
• Palla Street: Rs 880 per sq.ft (2024)
• Pilliyar koil Street: Rs 880 per sq.ft (2024)
• Om Jai Sai Avenue: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Pattammal Nagar

For a plot measuring 1,000 sq.ft at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pattammal Nagar?

The Sub Registrar Office covering Pattammal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Malayambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold or purchased, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Pattammal Nagar?

The current guideline value of Pattammal Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,002 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Malayambakkam?

Other streets in Malayambakkam have varying guideline values. For example, Pari Garden is valued at Rs 935 per sq.ft, while Paradise is at Rs 2,310 per sq.ft in 2024.

What fees are associated with property transactions in Pattammal Nagar?

When buying property in Pattammal Nagar, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of property transactions in Pattammal Nagar.