Guideline Value for PATTAMMAL STREET

Pattammal Street guideline value

The current guideline value of Pattammal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Pattammal Street has changed

The guideline value for Pattammal Street has seen several revisions over the years. In the 2012 revision, the figure was Rs 2,200 per sq.ft, which remained unchanged in the 2024 revision. However, between 2012 and 2017, there was a decrease of 33%, bringing the value down to Rs 1,474 per sq.ft in 2017. The value then increased by 36% to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase of 10% to the current rate of Rs 2,200 per sq.ft in 2024.

There are no recorded figures for Pattammal Street in the revisions from 2002, 2003, and 2007. The overall change from the 2012 revision to the 2024 revision shows no net change, maintaining the value at Rs 2,200 per sq.ft.

Guideline values in Nemilicherry

In Nemilicherry, there are 172 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 2,160 per sq.ft. The guideline value for Pattammal Street is above this median.

• Periyamman street: Rs 2,420 per sq.ft (2024)
• Parri Street: Rs 2,160 per sq.ft (2024)
• Parimala Layout: Rs 1,100 per sq.ft (2024)
• Periyar Nagar 1st Street: Rs 2,160 per sq.ft (2024)
• Periyar Nagar 2nd Street: Rs 2,160 per sq.ft (2024)
• Paramasivam Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Pattammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, which totals Rs 1,54,000, and the registration fee at 2% amounts to Rs 44,000. Together, the total cost for stamp duty and registration fee is Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Pattammal Street?

The Sub Registrar Office that covers Pattammal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Nemilicherry. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value is set by the government and reflects the minimum value for which a property can be registered.

When a buyer or seller engages in a property transaction, the guideline value ensures that the property is not undervalued for the purpose of registration. It acts as a benchmark for the transaction, ensuring transparency and adherence to legal requirements.

Frequently asked questions

What is the current guideline value of Pattammal Street?

The current guideline value of Pattammal Street 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 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Pattammal Street?

Pattammal Street is classified as Residential Class I Type - III under the Pallavaram SRO.

Where can I find the registration office for Pattammal Street?

The registration office for Pattammal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Pattammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000.