Guideline Value for Pattammal Street

Pattammal Street guideline value

The current guideline value of Pattammal Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Pattammal Street has changed

The guideline value for Pattammal Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,200 per sq.ft, which was followed by a decrease to Rs 2,814 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 4,200 per sq.ft, and the most recent 2024 revision raised it to Rs 4,600 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that the register has no figures for Pattammal Street for the years 2002, 2003, and 2007.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, placing Pattammal Street's 2024 figure above this median.

• Pattravakkam Road: Rs 4,000 per sq.ft (2024)
• Parthasarathy Street: Rs 4,000 per sq.ft (2024)
• Pannerselvam Street: Rs 4,000 per sq.ft (2024)
• Pannerselvam Cross Street: Rs 4,000 per sq.ft (2024)
• Pandi Street: Rs 4,600 per sq.ft (2024)
• Periyar Street (Ramapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pattammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pattammal Street?

The Sub Registrar Office that covers Pattammal Street 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 information.

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

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs involved in property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, as it reflects the prevailing rates in the area. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Pattammal Street?

The current guideline value of Pattammal Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then back to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the land classification of Pattammal Street?

Pattammal Street is classified as Mixed Type - I, which indicates the type of land use permitted in this area.

What are the stamp duty and registration fees for properties in Pattammal Street?

For a property valued at Rs 46,00,000, the stamp duty would be Rs 3,22,000 and the registration fee would be Rs 92,000, totaling Rs 4,14,000.

Where is the Sub Registrar Office for Pattammal Street located?

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