Guideline Value for SanjayGandhi Street / Easwaran Nagar

SanjayGandhi Street / Easwaran Nagar guideline value

The current guideline value of SanjayGandhi Street / Easwaran Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of SanjayGandhi Street / Easwaran Nagar has changed

The guideline value for SanjayGandhi Street / Easwaran Nagar has seen significant changes over the years. In the 2002 revision, the value was Rs 200 per sq.ft. This increased to Rs 226 per sq.ft in 2003, marking a 13% rise. The following revisions saw a substantial jump, with the 2007 revision setting the value at Rs 360 per sq.ft, which was a 59% increase from the previous revision. By 2017, the guideline value had surged to Rs 1,675 per sq.ft, reflecting a 365% increase since 2007. The 2023 revision raised the value to Rs 2,500 per sq.ft, a 49% increase from 2017. The latest revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, representing a 10% increase from 2023. The register has no figure for this street in 2012.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,090 per sq.ft, placing SanjayGandhi Street / Easwaran Nagar above this median value.

• Sankara Nagar Stage I: Rs 2,750 per sq.ft (2024)
• Sankaranarayanan Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Sangamithrai Street: Rs 1,760 per sq.ft (2024)
• Samundeswari Nagar ,Cross Street: Rs 1,980 per sq.ft (2024)
• Samundeeswari Nagar Krishna Street: Rs 2,530 per sq.ft (2024)
• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in SanjayGandhi Street / Easwaran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SanjayGandhi Street / Easwaran Nagar?

The Sub Registrar Office that covers SanjayGandhi Street / Easwaran 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must consider the guideline value to ensure compliance with regulatory requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of SanjayGandhi Street / Easwaran Nagar?

The current guideline value of SanjayGandhi Street / Easwaran Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 200 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1275% over this period.

What is the land classification for SanjayGandhi Street / Easwaran Nagar?

SanjayGandhi Street / Easwaran Nagar is classified as Commercial Class I Type - II.

Where is the Sub Registrar Office located for this area?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 2,47,500.