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Guideline Value

Corporate

Guideline Value for Pammal Road (MAIN)

₹4400/sq.ft.

The guideline value for Pammal Road (main) in Issa Pallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Issa Pallavaram

Village

Pallavaram

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Pammal Road (main)

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Pammal Road (MAIN) guideline value

The current guideline value of Pammal Road (MAIN) is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Issa Pallavaram village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Pammal Road (MAIN) has changed

The guideline value for Pammal Road (MAIN) has seen several revisions over the years. In 2012, the guideline value was set at Rs 4,000 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 2,680 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, making Pammal Road (MAIN) above the median with its current value of Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Pammal Road (MAIN)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 precise calculations.

Which Sub Registrar Office covers Pammal Road (MAIN)?

The Sub Registrar Office that covers Pammal Road (MAIN) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions within Issa Pallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. These fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Pammal Road (MAIN)?

The current guideline value of Pammal Road (MAIN) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What is the land classification for Pammal Road (MAIN)?

Pammal Road (MAIN) is classified as Mixed Type - II land. This classification can affect the types of developments allowed in the area.

Where can I find the Sub Registrar Office for Pammal Road (MAIN)?

The Sub Registrar Office for Pammal Road (MAIN) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Issa Pallavaram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.