Guideline Value for S.S.R. Pangajam Avenue

S.S.R. Pangajam Avenue guideline value

The current guideline value of S.S.R. Pangajam Avenue is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - II.

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

The guideline value for S.S.R. Pangajam Avenue has seen several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a 500% increase. However, the 2017 revision saw a decrease to Rs 804 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,200 per sq.ft, representing a 49% increase from the 2017 figure. There are no figures available for the 2024, 2003, and 2002 revisions for this street.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 500%. This fluctuation in values reflects the changes in the real estate landscape over the years.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. S.S.R. Pangajam Avenue is one of the streets under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, the total cost for stamp duty and registration fee would be Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.S.R. Pangajam Avenue?

The S.S.R. Pangajam Avenue is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the higher amount between the guideline value and the sale price is taken into account for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of S.S.R. Pangajam Avenue is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has experienced fluctuations, with a significant increase from Rs 200 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012. It then decreased to Rs 804 per sq.ft in 2017 before returning to Rs 1,200 per sq.ft in 2023.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. This is calculated based on the current guideline value.

Which Sub Registrar Office covers S.S.R. Pangajam Avenue?

The Gooduvancheri Sub Registrar Office covers S.S.R. Pangajam Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Mambakkam with guideline values?

No specific figures for other streets in Mambakkam have been provided. S.S.R. Pangajam Avenue is the only street mentioned under the Gooduvancheri SRO.