Guideline Value for PRAMANAR STREET

Pramanar Street guideline value

The current guideline value of Pramanar Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Mixed Special Type - I.

How the guideline value of Pramanar Street has changed

The guideline value for Pramanar Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 5,000 per sq.ft. This was followed by a decrease to Rs 3,350 per sq.ft in the 2017 revision. In the subsequent revision of 2023, the value increased to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no recorded figures for Pramanar Street in the revisions of 2002, 2003, and 2007. The overall change from 2012 to 2024 reflects a 10% increase, with significant changes noted between specific years, such as a 49% increase from 2017 to 2023.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham village, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. Pramanar Street's 2024 figure is above the median value of Rs 2,200 per sq.ft in the village.

• Pillaiyar Koil Street: Rs 1,650 per sq.ft (2024)
• Railway Colony: Rs 2,200 per sq.ft (2024)
• Periyar Street (Periyar Chetty Street): Rs 3,850 per sq.ft (2024)
• Rajaji Street No.1: Rs 5,500 per sq.ft (2024)
• Periya Rathinam Street: Rs 2,200 per sq.ft (2024)
• Periyanatham Police Line: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pramanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pramanar Street?

The Sub Registrar Office that covers Pramanar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Chengalpattu Natham

The guideline value is a crucial factor in the registration process of property transactions in Chengalpattu Natham. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transfers.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at an official value, reflecting the local market conditions as determined by the Registration Department. This value is essential for legal and financial purposes during the registration process.

Frequently asked questions

What is the current guideline value of Pramanar Street?

The current guideline value of Pramanar Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then back to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification for Pramanar Street?

Pramanar Street is classified as Mixed Special Type - I, indicating its varied usage potential.

What is the median guideline value in Chengalpattu Natham?

The median guideline value in Chengalpattu Natham is Rs 2,200 per sq.ft, with Pramanar Street's value being above this median.

Where can I find the Sub Registrar Office for Pramanar Street?

The Chengleput Joint II Sub Registrar Office covers Pramanar Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.