Guideline Value for S.S.Avenue

S.S.Avenue guideline value

The current guideline value of S.S.Avenue in Pammal village, under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of S.S.Avenue has changed

The guideline value for S.S.Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 value of Rs 1,980 per sq.ft represents a 49% increase from the 2017 figure of Rs 1,206 per sq.ft.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which places S.S.Avenue's 2024 figure below the median.

• Stalin Street (1st Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (2nd Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (3rd Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (4th Street): Rs 1,980 per sq.ft (2024)
• Stalin Street, Moovendhar Ngar: Rs 1,980 per sq.ft (2024)
• State Bank Colony (All Streets): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in S.S.Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total 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, bringing the total 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.S.Avenue?

The Sub Registrar Office that covers S.S.Avenue 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 details.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is used to determine the legal value of the property for registration purposes. This ensures that all transactions are recorded accurately and that the appropriate fees are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of S.S.Avenue?

The current guideline value of S.S.Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for S.S.Avenue?

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

Which Sub Registrar Office covers S.S.Avenue?

The Pammal Sub Registrar Office covers S.S.Avenue, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for S.S.Avenue?

The land classification for S.S.Avenue is Residential Class II Type - II, which indicates the type of development allowed in this area.