Guideline Value for Pammal Main Road

Pammal Main Road guideline value

The current guideline value of Pammal Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Pammal village and falls under the Pammal SRO with a land classification of Commercial Class I Type - I.

How the guideline value of Pammal Main Road has changed

The guideline value for Pammal Main Road has seen significant changes over the years. Starting from Rs 395 per sq.ft in 2002, it increased to Rs 447 per sq.ft in 2003, marking a 13% rise. The value then jumped to Rs 800 per sq.ft in 2007, a notable increase of 79%. By 2017, the guideline value further escalated to Rs 2,010 per sq.ft, reflecting a substantial 151% growth. However, there is no figure available for the year 2012.

In the most recent revisions, the guideline value rose to Rs 3,000 per sq.ft in 2023, which was a 49% increase from the 2017 figure. The latest revision in 2024 saw another increase of 10%, bringing the current guideline value to Rs 3,300 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 735%.

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 for these streets is Rs 2,090 per sq.ft, placing Pammal Main Road's current figure above this median.

• Pammal Mahasuran Street/ Pasumpon Nagar: Rs 3,300 per sq.ft (2024)
• Pammal Main Road, Dr. Ambedhkar Nagar: Rs 3,300 per sq.ft (2024)
• Pammal Kundrathur Salai: 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 Main Road

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, totaling Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pammal Main Road?

The Sub Registrar Office that covers Pammal Main Road 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 Pammal

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

Frequently asked questions

What is the current guideline value of Pammal Main Road?

The current guideline value of Pammal Main Road 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 increased from Rs 395 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 735% over this period.

What is the land classification for Pammal Main Road?

Pammal Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Pammal Main Road?

The Sub Registrar Office for Pammal Main Road is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.