Guideline Value for Pasikara Street

Pasikara Street guideline value

The current guideline value of Pasikara Street in Saligramam village, under the Virugambakkam SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Pasikara Street has changed

The guideline value of Pasikara Street has seen significant changes over the years. In 2002, the value was Rs 272 per sq.ft, which increased to Rs 297 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 550 per sq.ft, representing an 85% increase. The 2012 revision brought the value to Rs 3,000 per sq.ft, a substantial increase of 445%. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 3,000 per sq.ft in 2023, a 49% increase, before reaching the current rate of Rs 3,300 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the revisions in the years not listed in the register. Overall, from 2002 to 2024, the guideline value has increased by 1113%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Pasikara Street's 2024 figure below this median.

• Pasumpon Muthuramalingam Street (Rajaji Colony): Rs 4,950 per sq.ft (2024)
• Parthasarathy Street: Rs 4,950 per sq.ft (2024)
• Pari Street: Rs 3,300 per sq.ft (2024)
• Pandara Street: Rs 3,300 per sq.ft (2024)
• Panchayat Road: Rs 2,750 per sq.ft (2024)
• Perumal Koil North Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Pasikara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Pasikara Street?

The Sub Registrar Office that covers Pasikara Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges reflect the official valuation of the property.

Frequently asked questions

What is the current guideline value of Pasikara Street?

The current guideline value of Pasikara Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased from Rs 272 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1113%.

What is the land classification of Pasikara Street?

Pasikara Street is classified as Residential Class III Type - I.

What are the stamp duty rates for property in Pasikara Street?

The stamp duty rate for property in Pasikara Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Pasikara Street located?

The Sub Registrar Office for Pasikara Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.