Guideline Value for Pamban C.V. Raman Street

Pamban C.V. Raman Street guideline value

The current guideline value of Pamban C.V. Raman Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Pamban C.V. Raman Street has changed

The guideline value for Pamban C.V. Raman Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 2,750 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from the 2012 revision to the current 2024 value, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, making the 2024 figure for Pamban C.V. Raman Street above this median.

• Pamban Swamigal Cross Street: Rs 2,750 per sq.ft (2024)
• Pamban Swamigal salai: Rs 2,750 per sq.ft (2024)
• Pamban Swamigal Street: Rs 3,850 per sq.ft (2024)
• Pandithar Street: Rs 1,650 per sq.ft (2024)
• Paranar Street: Rs 2,750 per sq.ft (2024)
• Pari Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Pamban C.V. Raman Street

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 amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pamban C.V. Raman Street?

The Sub Registrar Office that covers Pamban C.V. Raman Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value is a crucial factor during the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, it is essential to consider the guideline value, as the stamp duty is charged based on the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pamban C.V. Raman Street?

The current guideline value of Pamban C.V. Raman Street 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the stamp duty rate for properties in Chitlapakkam?

The stamp duty rate for properties in Chitlapakkam is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Chitlapakkam?

The Tambaram Joint 1 Sub Registrar Office handles property registrations in Chitlapakkam. The office is located at No.26, Mes Road, East Tambaram, Chennai-600059.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using our stamp duty and registration fee calculator.