Guideline Value for Rahgupathy Street (T.S.) / Pasumpon Nagar

Rahgupathy Street (T.S.) / Pasumpon Nagar guideline value

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

How the guideline value of Rahgupathy Street (T.S.) / Pasumpon Nagar has changed

The guideline value for Rahgupathy Street (T.S.) / Pasumpon Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 200 per sq.ft. This increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The value continued to grow, reaching Rs 360 per sq.ft in 2007, which was a 59% increase from the previous revision. By 2017, the guideline value had risen dramatically to Rs 1,206 per sq.ft, reflecting a 235% increase from 2007. However, there is no figure available for the year 2012.

In 2023, the guideline value was Rs 1,800 per sq.ft, showing a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by an impressive 890%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO with a 2024 guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, positioning Rahgupathy Street (T.S.) / Pasumpon Nagar below the median value.

• Ragavan Street, Sivasankaran Nagar: Rs 1,980 per sq.ft (2024)
• Ragavan Street: Rs 1,980 per sq.ft (2024)
• Radhakrishnan Salai / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Rajagopal Street / Muthamzih Nagar: Rs 2,475 per sq.ft (2024)
• Puspagiri Street: Rs 1,760 per sq.ft (2024)
• Rajaji Square: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Rahgupathy Street (T.S.) / Pasumpon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers Rahgupathy Street (T.S.) / Pasumpon Nagar?

The Sub Registrar Office that covers Rahgupathy Street (T.S.) / Pasumpon 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 Pammal

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price. This value is essential for calculating stamp duty and registration fees, which are mandatory during property transactions.

When you register a property, the guideline value is used to assess the applicable fees. Buyers and sellers should be aware that the fees are calculated based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rahgupathy Street (T.S.) / Pasumpon Nagar?

The current guideline value of Rahgupathy Street (T.S.) / 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 changed 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 land classification of Rahgupathy Street (T.S.) / Pasumpon Nagar?

Rahgupathy Street (T.S.) / Pasumpon Nagar is classified as Residential Class II Type - II.

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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the total fees would amount to Rs 1,78,200.