Guideline Value for Pichaiamman Nagar

Pichaiamman Nagar guideline value

The current guideline value of Pichaiamman Nagar, located in Kerugambakkam village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Pammal SRO and is classified as Commercial Special Type - I.

How the guideline value of Pichaiamman Nagar has changed

The guideline value for Pichaiamman Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft. In the subsequent 2023 revision, this value increased to Rs 3,000 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, which is 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 years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kerugambakkam

In Kerugambakkam village, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Pichaiamman Nagar's 2024 figure above that median.

• Perumal Koil Street (ward 7): Rs 1,980 per sq.ft (2024)
• Perumal Koil Street (ward 4): Rs 1,980 per sq.ft (2024)
• Periyar Salai: Rs 1,980 per sq.ft (2024)
• Pattammal Garden Extension - I: Rs 4,105 per sq.ft (2024)
• Pattammal Garden: Rs 2,750 per sq.ft (2024)
• Paraniputhur Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pichaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pichaiamman Nagar?

The Sub Registrar Office that covers Pichaiamman Nagar 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 Kerugambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kerugambakkam. 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 being registered, the guideline value will be compared with the sale price. The higher of the two values will be used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pichaiamman Nagar?

The current guideline value of Pichaiamman Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 2,010 per sq.ft to the current value of Rs 3,300 per sq.ft.

What are the registration fees for property in Pichaiamman Nagar?

The registration fees for property in Pichaiamman Nagar include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office do I need to visit for registration in Pichaiamman Nagar?

The registration for properties in Pichaiamman Nagar is handled by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with different guideline values in Kerugambakkam?

Yes, there are several other streets in Kerugambakkam with varying guideline values. For instance, Perumal Koil Street (ward 7) and Periyar Salai both have a guideline value of Rs 1,980 per sq.ft, while Pattammal Garden Extension - I has a higher value of Rs 4,105 per sq.ft.