Guideline Value for Pammal Nallathambi Street

Pammal Nallathambi Street guideline value

The current guideline value of Pammal Nallathambi Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Pammal Nallathambi Street has changed

The guideline value for Pammal Nallathambi Street has seen several revisions over the years. In 2003, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value dropped to Rs 1,340 per sq.ft in 2017. Following that, the 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 633%. Notably, there are no figures available for the years 2002 and 2007 in the register for this street.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which means that Pammal Nallathambi Street's 2024 guideline value is below this median.

• Pandiyan Street: Rs 2,800 per sq.ft (2024)
• Peeli Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Periyar Street: Rs 3,300 per sq.ft (2024)
• Perumal Koil Street: Rs 2,800 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 3,300 per sq.ft (2024)
• Nethaji Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pammal Nallathambi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pammal Nallathambi Street?

The Sub Registrar Office that covers Pammal Nallathambi Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property transactions in Tharamani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pammal Nallathambi Street?

The current guideline value of Pammal Nallathambi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking a significant increase of 633% over this period.

What is the land classification for Pammal Nallathambi Street?

Pammal Nallathambi Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pammal Nallathambi Street?

The Adayar Sub Registrar Office, which covers Pammal Nallathambi Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Tharamani?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at the rate of 7%.