Guideline Value for Pandalamman Street

Pandalamman Street guideline value

The current guideline value of Pandalamman Street in Oragadam village is Rs 1,400 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class III Type - I.

How the guideline value of Pandalamman Street has changed

The guideline value for Pandalamman Street has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a 333% rise. However, the value then dropped to Rs 871 per sq.ft in the 2017 revision, which was a decrease of 33%. Following this, the 2023 revision set the value at Rs 1,300 per sq.ft, and the current 2024 revision has increased it to Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that the guideline register has no figures for Pandalamman Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 367%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Pandalamman Street is below this median.

• Pandi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Pandi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pandiyan Street (Prakash Nagar): Rs 2,400 per sq.ft (2024)
• Pandiyan Street (Pudur): Rs 2,400 per sq.ft (2024)
• Panagal Street: Rs 1,100 per sq.ft (2024)
• Pannerselvam Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Pandalamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pandalamman Street?

The Sub Registrar Office that covers Pandalamman Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the current market conditions as per the official register. This helps in maintaining transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Pandalamman Street?

The current guideline value of Pandalamman Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking a total increase of 367% over the years.

What are the stamp duty rates for properties in Pandalamman Street?

The stamp duty for properties in Pandalamman Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pandalamman Street?

The Sub Registrar Office for Pandalamman Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the range of guideline values for streets in Oragadam?

The guideline values for streets in Oragadam range from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft.