Guideline Value for Pasumpon Nagar Extn.,
₹1980/sq.ft.
The guideline value for Pasumpon Nagar Extn., in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Pammal
Village
Pammal
SRO
Residential Class II Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1980 /sq.ft. |
| From 1-4-2023 | ₹1800 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1206 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | ₹360 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹231 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | ₹204 /sq.ft. |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Pasumpon Nagar Extn.,
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pammal sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Pasumpon Nagar Extn., guideline value
The current guideline value of Pasumpon Nagar Extn., Pammal village, under the Pammal SRO is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.
How the guideline value of Pasumpon Nagar Extn., has changed
The guideline value for Pasumpon Nagar Extn. has seen significant changes over the years. The earliest revision in 2002 set the value at Rs 204 per sq.ft, which increased to Rs 231 per sq.ft in 2003, marking a change of +13%. The value rose to Rs 360 per sq.ft in 2007, reflecting a substantial increase of +56%. By 2017, the guideline value reached Rs 1,206 per sq.ft, a remarkable rise of +235% from the previous revision. The 2023 revision saw it increase to Rs 1,800 per sq.ft, which was a +49% change. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, representing a +10% increase from 2023.
It is important to note that there is no figure for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by +871%.
Guideline values in Pammal
In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, indicating that the 2024 figure for Pasumpon Nagar Extn. is below this median.
- Pasumpon Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
- Pasumpon Nagar Last cross Street: Rs 1,980 per sq.ft (2024)
- Pasumpon Nagar, 6th Cross Street: Rs 1,980 per sq.ft (2024)
- Pasumpon Nagar, 3rd Street: Rs 1,980 per sq.ft (2024)
- Pasumpon Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
- Pasumpon Nagar, 1st Street: Rs 1,980 per sq.ft (2024)
Stamp duty and registration fee for property in Pasumpon Nagar Extn.,
For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can also use the stamp duty and registration fee calculator for more detailed calculations.
Which Sub Registrar Office covers Pasumpon Nagar Extn.,?
The Sub Registrar Office that covers Pasumpon Nagar Extn. is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Pammal
The guideline value plays a crucial role in property transactions in Pammal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.
When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the registration process is transparent and fair for all parties involved.
Frequently asked questions
What is the current guideline value of Pasumpon Nagar Extn.?
The current guideline value of Pasumpon Nagar Extn. is Rs 1,980 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has increased significantly from Rs 204 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of +871%.
What is the median guideline value in Pammal?
The median guideline value in Pammal is Rs 2,090 per sq.ft, with Pasumpon Nagar Extn.'s 2024 figure being below this median.
What are the stamp duty rates applicable in Pasumpon Nagar Extn.?
The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%.
Where can I find the Sub Registrar Office for Pasumpon Nagar Extn.?
The Pammal Sub Registrar Office covers Pasumpon Nagar Extn. and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.
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