Guideline Value for Pamban Swamigal Street

Pamban Swamigal Street guideline value

The current guideline value of Pamban Swamigal Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Pamban Swamigal Street has changed

In the 2012 revision, the guideline value was recorded at Rs 3,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 2,345 per sq.ft. The 2023 revision saw a significant increase to Rs 3,500 per sq.ft, followed by another increase in the 2024 revision to the current value of Rs 3,850 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 reflects a 10% increase in the guideline value.

Guideline values in Chitlapakkam

Chitlapakkam has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Pamban Swamigal Street's 2024 figure above this median.

• Pamban Swamigal salai: Rs 2,750 per sq.ft (2024)
• Pamban Swamigal Cross Street: Rs 2,750 per sq.ft (2024)
• Pamban C.V. Raman Street: Rs 2,750 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 Swamigal Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pamban Swamigal Street?

Pamban Swamigal Street falls under 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 of property transactions in Chitlapakkam. It serves as a benchmark for assessing the value of the property, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Pamban Swamigal Street?

The current guideline value of Pamban Swamigal Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increasing to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification for Pamban Swamigal Street?

Pamban Swamigal Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

What are the guideline values of other streets in Chitlapakkam?

Other streets in Chitlapakkam have varying guideline values, with rates ranging from Rs 1,100 to Rs 8,800 per sq.ft. For example, Pamban Swamigal salai, Pamban Swamigal Cross Street, and Pamban C.V. Raman Street all have a guideline value of Rs 2,750 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Pamban Swamigal Street?

The Sub Registrar Office covering Pamban Swamigal Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.