Guideline Value for Pachaiamman Koil Street

Pachaiamman Koil Street guideline value

The current guideline value of Pachaiamman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pachaiamman Koil Street has changed

The guideline value for Pachaiamman Koil Street has seen significant changes over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was a rise of 17%. The value then surged to Rs 1,072 per sq.ft in 2017, marking a substantial increase of 257%. By 2023, the guideline value reached Rs 1,600 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, which is a 10% increase from 2023. There are no figures available for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Pachaiamman Koil Street's 2024 figure below that median.

• Nyaniyar Nagar: Rs 2,350 per sq.ft (2024)
• NorthRatha Veethi: Rs 1,760 per sq.ft (2024)
• Pandian Street: Rs 2,350 per sq.ft (2024)
• Nethaji Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Nethaji Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Pari Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Pachaiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pachaiamman Koil Street?

The Sub Registrar Office that covers Pachaiamman Koil Street is 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 Anakaputhur

The guideline value plays a crucial role during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which must be paid at the time of registration to complete the transaction legally.

Frequently asked questions

What is the current guideline value of Pachaiamman Koil Street?

The current guideline value of Pachaiamman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 588% over the years.

What is the land classification for Pachaiamman Koil Street?

Pachaiamman Koil Street is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office is responsible for registrations in Anakaputhur?

The Pammal Sub Registrar Office is responsible for registrations in Anakaputhur, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.