Guideline Value for Rettaimalai Srinivasan Street, Nagelkeni

Rettaimalai Srinivasan Street, Nagelkeni guideline value

The current guideline value of Rettaimalai Srinivasan Street, Nagelkeni 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 Rettaimalai Srinivasan Street, Nagelkeni has changed

The guideline value for Rettaimalai Srinivasan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is an increase from Rs 1,800 per sq.ft in the 2023 revision. This marks a 10% rise from the previous year. Looking further back, the 2017 revision set the guideline value at Rs 1,206 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Therefore, we only have the figures from 2017, 2023, and 2024 to consider for any changes in guideline value.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry 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 Rettaimalai Srinivasan Street's current value below that median.

• Rengasamy Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Ravi Colony / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Rathinam Street / Ambdekar Nagar: Rs 1,760 per sq.ft (2024)
• Roseammal Street: Rs 1,760 per sq.ft (2024)
• Rasammal Street, Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Ranjan Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Rettaimalai Srinivasan Street, Nagelkeni

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 the stamp duty and registration fee calculator for more information on fees based on your property value.

Which Sub Registrar Office covers Rettaimalai Srinivasan Street, Nagelkeni?

The Sub Registrar Office that covers Rettaimalai Srinivasan 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 additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Rettaimalai Srinivasan Street, Nagelkeni?

The current guideline value of Rettaimalai Srinivasan Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision at Rs 1,206 per sq.ft to the 2024 revision at Rs 1,980 per sq.ft, the guideline value has increased by 64%. The 2023 revision was Rs 1,800 per sq.ft, marking a 10% increase from that year to 2024.

What are the other guideline values in Pammal?

In Pammal, the guideline values range from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Rettaimalai Srinivasan Street's value is below this median.

What fees are associated with buying property in Rettaimalai Srinivasan Street?

When buying property, the stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200 based on the current guideline value.

Where is the Sub Registrar Office for Rettaimalai Srinivasan Street located?

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