Guideline Value for Samuel Street, Pasumpon Nagar

Samuel Street, Pasumpon Nagar guideline value

The current guideline value of Samuel Street, Pasumpon Nagar 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 Samuel Street, Pasumpon Nagar has changed

The guideline value for Samuel Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing Samuel Street's 2024 figure below this median.

• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Krishna Street: Rs 2,530 per sq.ft (2024)
• Samundeswari Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Sangamithrai Street: Rs 1,760 per sq.ft (2024)
• Sanjay Gandhi Street / Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Samandar Street / Near Pammal Main Road: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Samuel Street, Pasumpon Nagar

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, making the total amount 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Samuel Street, Pasumpon Nagar?

The Sub Registrar Office that covers Samuel Street, Pasumpon Nagar 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 further assistance.

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

The guideline value is a critical factor in property transactions in Pammal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the market value of properties in the area. It helps establish a fair basis for negotiations during property transactions.

Frequently asked questions

What is the current guideline value of Samuel Street, Pasumpon Nagar?

The current guideline value of Samuel Street, Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and currently to Rs 1,980 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets in Pammal and their guideline values?

Other streets in Pammal include Samundeeswari Nagar at Rs 1,980 per sq.ft, Samundeeswari Nagar Krishna Street at Rs 2,530 per sq.ft, and Sangamithrai Street at Rs 1,760 per sq.ft, among others.

What fees are associated with buying property on Samuel Street?

When buying property on Samuel Street, the total stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 1,78,200.

Where can I find the Sub Registrar Office for Samuel Street?

The Sub Registrar Office for Samuel Street, Pasumpon Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the relevant link.