Guideline Value for Peter Street

Peter Street guideline value

The current guideline value of Peter Street, located in Pammal village under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Peter Street has changed

Over the years, the guideline value of Peter Street has seen significant changes. In 2002, the guideline value was Rs 208 per sq.ft, which increased to Rs 236 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 360 per sq.ft in 2007, a notable increase of +53%. By 2017, the guideline value soared to Rs 1,206 per sq.ft, reflecting a substantial increase of +235% from the previous revision. The register has no figure for this street in 2012.

From 2017 to 2023, the guideline value rose to Rs 1,800 per sq.ft, which is a +49% increase. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, representing a +10% change from 2023. Overall, from 2002 to 2024, the guideline value has increased by +852%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, placing Peter Street's 2024 figure below this median.

• Peter Street, Thiru Nagar: Rs 1,980 per sq.ft (2024)
• Pillaippan Street /Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillaiyar Koil Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Pillaiyar Koil Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Pillaiyar Koil Street. H.L. Colony: Rs 2,530 per sq.ft (2024)
• Pillaiyar Koil Street, Ponni Nagar: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Peter Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Peter Street?

The Sub Registrar Office that covers Peter Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price.

When registering a property, it is essential to ensure that all documentation reflects the accurate guideline value. This helps in avoiding any discrepancies during the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Peter Street?

The current guideline value of Peter Street 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 208 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of +852%.

What is the land classification for Peter Street?

Peter Street is classified under Residential Class II Type - II according to the guideline value register.

What are the other streets in Pammal with the same guideline value?

Other streets in Pammal with the same guideline value of Rs 1,980 per sq.ft include Peter Street, Thiru Nagar, Pillaippan Street /Mungil Lake, and Pillaiyar Koil Street, Dr.Ambedhar Nagar.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.