Guideline Value for Pallavan Street / VOC Nagar

Pallavan Street / VOC Nagar guideline value

The current guideline value of Pallavan Street / VOC Nagar in Pammal village, under the Pammal SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Pallavan Street / VOC Nagar has changed

The guideline value for Pallavan Street / VOC Nagar has seen significant changes over the years. In 2002, the value was Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a rise of 13%. By 2007, the value jumped to Rs 360 per sq.ft, reflecting a 58% increase. The 2017 revision brought the value to Rs 1,675 per sq.ft, a substantial increase of 365%. The latest revision in 2024 set the value at Rs 2,750 per sq.ft, which is a 64% increase from 2017. Overall, from 2002 to 2024, the guideline value has increased by 1268%.

It is important to note that there are no figures available for the revisions in 2012 and 2023 for this street. The changes reflect the evolving real estate landscape in the area.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Pallavan Street / VOC Nagar above this median.

• Pallavan Street/ Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Palani Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Palaniappan Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Palaniappan Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Pammal, Cross Street: Rs 1,980 per sq.ft (2024)
• Pammal Kundrathur Salai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Street / VOC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Street / VOC Nagar?

The Sub Registrar Office that covers Pallavan Street / VOC Nagar 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 additional information.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to accurately assess their costs during the registration process.

Frequently asked questions

What is the current guideline value of Pallavan Street / VOC Nagar?

The current guideline value of Pallavan Street / VOC Nagar 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 significantly from Rs 201 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1268% over the years.

Are there any years with no guideline value for this street?

Yes, there are no figures available for the revisions in 2012 and 2023 for Pallavan Street / VOC Nagar.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is below the current value of Pallavan Street / VOC Nagar.

Where can I find the Sub Registrar Office for Pallavan Street / VOC Nagar?

The Sub Registrar Office for Pallavan Street / VOC Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the relevant link.