Guideline Value for Pattammal Nagar

Pattammal Nagar guideline value

The current guideline value of Pattammal Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Chembarambakkam village under the Poonamallee SRO and is classified as Residential Class I Type - I.

How the guideline value of Pattammal Nagar has changed

The guideline value for Pattammal Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision sets the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Pattammal Nagar's 2024 figure above this median.

• Patel Street 97/4c,4i,4j,5,6,7,8,9,10: Rs 878 per sq.ft (2024)
• Patel Street: Rs 878 per sq.ft (2024)
• Peeraiyampathu Arijana Colony: Rs 878 per sq.ft (2024)
• Padavetamman Nagar: Rs 1,100 per sq.ft (2024)
• Om Paragadeeswarar Nagar: Rs 1,100 per sq.ft (2024)
• Olympia Mithila: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pattammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Pattammal Nagar?

Pattammal Nagar falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chembarambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects a fair valuation of the property being transferred.

Frequently asked questions

What is the current guideline value of Pattammal Nagar?

The current guideline value of Pattammal Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the registration office for Pattammal Nagar?

Pattammal Nagar is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What are the stamp duty rates for properties in Pattammal Nagar?

The stamp duty for properties in Pattammal Nagar is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find more information about the guideline values in Chembarambakkam?

More information about the guideline values in Chembarambakkam can be found in the Registration Department's guideline value register (TNReginet), which lists the values for various streets in the area.