Guideline Value for Pannerselvam Cross Street

Pannerselvam Cross Street guideline value

The current guideline value of Pannerselvam Cross Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Pannerselvam Cross Street has changed

The guideline value for Pannerselvam Cross Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 3,700 per sq.ft, which then decreased to Rs 2,479 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,700 per sq.ft, representing a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,000 per sq.ft, an increase of 8% from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, placing Pannerselvam Cross Street's 2024 value above that median.

• Pannerselvam Street: Rs 4,000 per sq.ft (2024)
• Pandi Street: Rs 4,600 per sq.ft (2024)
• Parthasarathy Street: Rs 4,000 per sq.ft (2024)
• Pallam Street: Rs 6,600 per sq.ft (2024)
• Pattammal Street: Rs 4,600 per sq.ft (2024)
• Pattravakkam Road: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Pannerselvam Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,000 per sq.ft, the guideline value totals Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pannerselvam Cross Street?

The Sub Registrar Office that covers Pannerselvam Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When a property is registered, the guideline value is used to determine the applicable fees, which can be based on either the guideline value or the sale price, depending on which is higher. This ensures a standardized approach to property transactions in the region.

Frequently asked questions

What is the current guideline value of Pannerselvam Cross Street?

The current guideline value of Pannerselvam Cross Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification for Pannerselvam Cross Street?

The land classification for Pannerselvam Cross Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for Pannerselvam Cross Street?

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

How is stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 at a rate of 7%.