Guideline Value for Pasumpon Nagar Annai Indira Street

Pasumpon Nagar Annai Indira Street guideline value

The current guideline value of Pasumpon Nagar Annai Indira Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Pasumpon Nagar Annai Indira Street has changed

The guideline value for Pasumpon Nagar Annai Indira Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,000 per sq.ft. This figure remained the same in the subsequent revision in 2017, but then it dropped to Rs 2,010 per sq.ft. In 2023, the guideline value increased significantly to Rs 3,000 per sq.ft, and the latest revision in 2024 raised it to Rs 3,300 per sq.ft.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The most notable change occurred between 2017 and 2023, where the value jumped by 49%. The increase from 2023 to 2024 is 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Pasumpon Nagar Annai Indira Street above this median.

• Pasumpon Nagar Ambedhkar Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Gandhi Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Marudhupandiar Street: Rs 3,300 per sq.ft (2024)
• Pasumpon Nagar Nedunchezhian Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pasumpon Nagar Annai Indira 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, and the registration fee at 2% would be Rs 66,000, leading to a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pasumpon Nagar Annai Indira Street?

The Sub Registrar Office that covers Pasumpon Nagar Annai Indira Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Perumbakkam, as it determines the minimum value at which a property can be registered. Buyers must consider this value to calculate the applicable stamp duty and registration fees during the transaction.

When registering a property, the guideline value serves as a basis for the calculation of various fees, ensuring that the transaction is documented at a legally recognized value. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pasumpon Nagar Annai Indira Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Pasumpon Nagar Annai Indira Street?

Pasumpon Nagar Annai Indira Street is classified as Residential Special Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Pasumpon Nagar Annai Indira Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.