Guideline Value for Sahul Hammed Street, Lord Srinivasa Colony

Sahul Hammed Street, Lord Srinivasa Colony guideline value

The current guideline value of Sahul Hammed Street in Lord Srinivasa Colony, Pammal village, under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Sahul Hammed Street, Lord Srinivasa Colony has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. Since then, the value has increased by 64% to reach Rs 1,980 per sq.ft in the 2024 revision. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase signifies a notable change in the guideline value. The current figure of Rs 1,980 per sq.ft reflects the latest assessment made by the authorities.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value 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, placing Sahul Hammed Street's 2024 figure below that median.

• Sabhapathi Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Sabapathy Street / Thiru Nagar: Rs 1,980 per sq.ft (2024)
• Sabapathy Street, Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Sabapathy Street / Lord Srinivasa Street: Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (4th Street): Rs 1,980 per sq.ft (2024)
• Sabapathy Nagar (3rd Street): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sahul Hammed Street, Lord Srinivasa Colony

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. 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 further calculations.

Which Sub Registrar Office covers Sahul Hammed Street, Lord Srinivasa Colony?

The Sahul Hammed Street, Lord Srinivasa Colony is covered by 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 in the registration process of property transactions in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the assessed value of the property.

When buying or selling property, the guideline value is used to determine the official value of the property for registration purposes. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sahul Hammed Street?

The current guideline value of Sahul Hammed Street in Lord Srinivasa Colony is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking a 64% increase. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sahul Hammed Street?

Sahul Hammed Street is classified as Residential Class II Type - II. This classification is important for understanding the permissible uses of the land.

How does the guideline value compare to other streets in Pammal?

The guideline value of Rs 1,980 per sq.ft for Sahul Hammed Street is below the median guideline value of Rs 2,090 per sq.ft for the 926 streets in Pammal under the Pammal SRO. This indicates that there are streets with higher values in the vicinity.

Where can I find the Sub Registrar Office for Sahul Hammed Street?

The Pammal Sub Registrar Office covers Sahul Hammed Street and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of properties in the area.