Guideline Value for Roseammal Street

Roseammal Street guideline value

The current guideline value of Roseammal Street in Pammal village, under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class III Type - II.

How the guideline value of Roseammal Street has changed

The guideline value for Roseammal Street has seen significant changes over the years. In 2002, the value was Rs 146 per sq.ft, which increased to Rs 165 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 260 per sq.ft in 2007, a 58% increase from the previous revision. Following this, the 2017 revision set the value at Rs 1,072 per sq.ft, reflecting a substantial 312% increase from 2007. In 2023, the guideline value further increased to Rs 1,600 per sq.ft, a 49% rise from 2017. The most recent revision in 2024 has set the value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there is no figure available for the 2012 revision for Roseammal Street. Overall, from 2002 to 2024, the guideline value has increased by 1105%.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Roseammal Street is below this median.

• Rettaimalai Srinivasan Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Rengasamy Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (1st Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (2nd Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (3rd Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (4th Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Roseammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Roseammal Street?

The Sub Registrar Office covering Roseammal 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 during property transactions in Pammal. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that the guideline value is the minimum value considered for these fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price according to the local government standards. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Roseammal Street?

The current guideline value of Roseammal Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 146 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 1105%.

What are the stamp duty rates for properties in Roseammal Street?

The stamp duty for properties in Roseammal Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Roseammal Street?

The Pammal Sub Registrar Office handles property registrations for Roseammal Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Roseammal Street?

The land classification for Roseammal Street is Residential Class III Type - II.