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Guideline Value

Corporate

Guideline Value for Sabapathy Nagar (4th Street)

₹1980/sq.ft.

The guideline value for Sabapathy Nagar (4th Street) in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹260 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹162 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹143 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sabapathy Nagar (4th Street)

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Sabapathy Nagar (4th Street) guideline value

The current guideline value of Sabapathy Nagar (4th Street) 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 Sabapathy Nagar (4th Street) has changed

The guideline value for Sabapathy Nagar (4th Street) has seen significant changes over the years. In 2002, the guideline value was Rs 143 per sq.ft. This figure increased to Rs 162 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 260 per sq.ft in 2007, which represented a +60% increase from the previous revision. By 2017, the guideline value had jumped to Rs 1,206 per sq.ft, a remarkable increase of +364% from 2007.

The latest revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a +64% increase from the 2017 figure. Overall, from 2002 to 2024, the guideline value has increased by +1285%. It is worth noting that the register has no figures for the years 2012 and 2023 for this street.

Guideline values in Pammal

In Pammal, 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. The median value for these streets is Rs 2,090 per sq.ft, placing the 2024 guideline value of Sabapathy Nagar (4th Street) below this median.

Stamp duty and registration fee for property in Sabapathy Nagar (4th Street)

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the 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 to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabapathy Nagar (4th Street)?

The Sub Registrar Office that covers Sabapathy Nagar (4th Street) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, which means it is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sabapathy Nagar (4th Street)?

The current guideline value of Sabapathy Nagar (4th Street) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 143 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of +1285%.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Sabapathy Nagar (4th Street).

What are the stamp duty and registration fees for property in Sabapathy Nagar (4th Street)?

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

Which office handles property registration for Sabapathy Nagar (4th Street)?

The Pammal Sub Registrar Office handles property registration for Sabapathy Nagar (4th Street), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.