Guideline Value for Sastri Street, Dr.Ambedhar Nagar

Sastri Street, Dr.Ambedhar Nagar guideline value

The current guideline value of Sastri Street, Dr.Ambedhar 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 Sastri Street, Dr.Ambedhar Nagar has changed

The guideline value for Sastri Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 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, with a median value of Rs 2,090 per sq.ft. Sastri Street's 2024 guideline value is below this median.

• Satesab Lane -Kalayanipuram: Rs 1,760 per sq.ft (2024)
• Sastha Nagar: Rs 1,760 per sq.ft (2024)
• Sargunar Salai, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Sargunam Street: Rs 1,980 per sq.ft (2024)
• Sathyamoorthy Street: Rs 1,980 per sq.ft (2024)
• Sathyamoorthy Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sastri Street, Dr.Ambedhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be 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 cost for stamp duty and registration fees to Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sastri Street, Dr.Ambedhar Nagar?

The Sub Registrar Office that covers Sastri Street, Dr.Ambedhar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sastri Street, Dr.Ambedhar Nagar?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% overall, from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024.

What is the land classification for Sastri Street?

Sastri Street is classified as Residential Class II Type - II, indicating its designation for residential use within the area.

Where can I find the registration office for Sastri Street?

The registration office for Sastri Street, Dr.Ambedhar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at the rate of 7%.