Guideline Value for Pasumpon Salai Gandhi Nagar

Pasumpon Salai Gandhi Nagar guideline value

The current guideline value of Pasumpon Salai Gandhi Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village and falls under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Pasumpon Salai Gandhi Nagar has changed

Over the years, the guideline value of Pasumpon Salai Gandhi Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,500 per sq.ft in the 2023 revision and further rose to Rs 1,600 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 7% in the guideline value.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Pasumpon Salai Gandhi Nagar's 2024 figure below that median.

• Pasumpon Salai (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pasumpon Street: Rs 1,600 per sq.ft (2024)
• Patel Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Patel Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Pattinathar Street: Rs 1,600 per sq.ft (2024)
• Park Street (Lakshmiamman Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pasumpon Salai Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. 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 Pasumpon Salai Gandhi Nagar?

The Sub Registrar Office that covers Pasumpon Salai Gandhi Nagar 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 is a crucial factor when buying or selling property in Oragadam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation or overvaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Pasumpon Salai Gandhi Nagar?

The current guideline value of Pasumpon Salai Gandhi Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the other streets in Oragadam with similar guideline values?

Other streets in Oragadam with the same guideline value of Rs 1,600 per sq.ft in 2024 include Pasumpon Salai (Venkateswara Nagar), Pasumpon Street, and Patel Street (Venkateswara Nagar).

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.

Where can I find the Sub Registrar Office for Pasumpon Salai Gandhi Nagar?

The Sub Registrar Office for Pasumpon Salai Gandhi Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.