Guideline Value for Samandar Street / Near Pammal Main Road

Samandar Street / Near Pammal Main Road guideline value

The current guideline value of Samandar Street / Near Pammal Main Road is Rs 880 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 IV Type - I.

How the guideline value of Samandar Street / Near Pammal Main Road has changed

The guideline value for Samandar Street has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 355 per sq.ft. It increased to Rs 402 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 570 per sq.ft in 2007, which was a 42% increase. However, in 2017, the value decreased to Rs 502 per sq.ft, reflecting a 12% drop. The guideline value saw a significant increase to Rs 750 per sq.ft in 2023, which was a 49% rise. The most recent revision in 2024 has set the value at Rs 880 per sq.ft, representing a 17% increase from the previous year.

It is important to note that there is no figure available for the 2012 revision for this street. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 148%.

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 value among these streets is Rs 2,090 per sq.ft, indicating that the guideline value of Samandar Street is below this median.

• Samandar Nagar: Rs 1,870 per sq.ft (2024)
• Samandam Street: Rs 1,870 per sq.ft (2024)
• Sakthivel Street: Rs 1,760 per sq.ft (2024)
• Samuel Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Krishna Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Samandar Street / Near Pammal Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600. Together, the total fees would be Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Samandar Street / Near Pammal Main Road?

The Sub Registrar Office that covers Samandar 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to determine the stamp duty and registration fees payable. This ensures that all transactions are fairly assessed and taxed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Samandar Street?

The current guideline value of Samandar Street / Near Pammal Main Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 355 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 148% over this period.

What is the land classification for Samandar Street?

Samandar Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for Samandar Street?

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