Guideline Value for Pammal Kundrathur Salai

Pammal Kundrathur Salai guideline value

The current guideline value of Pammal Kundrathur Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO and is classified as Commercial Class I Type - I.

How the guideline value of Pammal Kundrathur Salai has changed

The guideline value of Pammal Kundrathur Salai has seen significant changes over the years. In 2002, the guideline value was Rs 346 per sq.ft, which increased to Rs 391 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 800 per sq.ft in 2007, reflecting a 105% increase from the previous revision. By 2017, the guideline value reached Rs 2,010 per sq.ft, showing a 151% increase from 2007. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, which is a 64% increase from 2017.

Overall, from 2002 to 2024, the guideline value has increased by 854%. Notably, there are no figures for the years 2012 and 2023 for this street in the register.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing Pammal Kundrathur Salai above this median.

• Pammal Mahasuran Street/ Pasumpon Nagar: Rs 3,300 per sq.ft (2024)
• Pammal Main Road: Rs 3,300 per sq.ft (2024)
• Pammal Main Road, Dr. Ambedhkar Nagar: Rs 3,300 per sq.ft (2024)
• Pammal Main Road, Pasumpon Nagar: Rs 3,300 per sq.ft (2024)
• Pammal Nalathambi Salai: Rs 2,750 per sq.ft (2024)
• Pammal, Cross Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pammal Kundrathur Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pammal Kundrathur Salai?

The Pammal Kundrathur Salai falls under the jurisdiction of 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 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 applicable to a property sale. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and reflects the current market conditions as determined by the government.

Frequently asked questions

What is the current guideline value of Pammal Kundrathur Salai?

The current guideline value of Pammal Kundrathur Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 346 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 854%.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Pammal Kundrathur Salai's value exceeding this median.

Where can I find the registration office for Pammal Kundrathur Salai?

The registration office for Pammal Kundrathur Salai is the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current stamp duty rate is 7%, while the registration fee is 2% of the guideline value.