Guideline Value for Pillayar Koil Street / Pasumpon Nagar

Pillayar Koil Street / Pasumpon Nagar guideline value

The current guideline value of Pillayar Koil Street / Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Pillayar Koil Street / Pasumpon Nagar has changed

The guideline value for Pillayar Koil Street / Pasumpon Nagar has seen significant changes over the years. In 2002, the value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, a 59% increase, followed by a substantial jump to Rs 1,206 per sq.ft in 2017, which was a 235% increase. The value remained unchanged in 2012, as the register has no figure for this street in that year. The 2023 revision set the value at Rs 1,800 per sq.ft, reflecting a 49% increase from the previous revision, culminating in the current guideline value of Rs 1,980 per sq.ft in 2024, which is a 10% increase from 2023.

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 in this area is Rs 2,090 per sq.ft, placing the 2024 value of Pillayar Koil Street / Pasumpon Nagar below this median.

• Pillayar Koil Street /NagalKeni: Rs 1,980 per sq.ft (2024)
• Pillayar Koil Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Pillayar Koil Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pilliyar Koil Street, Shankar Nagar: Rs 2,750 per sq.ft (2024)
• Pillayar Koil Cross Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Pillayar Koil 3rdStreet / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Pillayar Koil Street / Pasumpon Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to 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, totaling 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pillayar Koil Street / Pasumpon Nagar?

The Sub Registrar Office that covers Pillayar Koil Street / Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Pammal, the guideline value is utilized to determine the stamp duty and registration fees applicable during the registration process. This value serves as a benchmark to ensure that the transaction is recorded accurately in the official registers.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall costs involved in property transactions. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Pillayar Koil Street / Pasumpon Nagar?

The current guideline value of Pillayar Koil Street / Pasumpon Nagar 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 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Pillayar Koil Street / Pasumpon Nagar.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Pillayar Koil Street / Pasumpon Nagar?

The Pammal Sub Registrar Office handles registrations for Pillayar Koil Street / Pasumpon Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.