Guideline Value for Sehik Mohammed Street, Pasumpon Nagar

Sehik Mohammed Street, Pasumpon Nagar guideline value

The current guideline value of Sehik Mohammed 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 Sehik Mohammed Street, Pasumpon Nagar has changed

The guideline value for Sehik Mohammed Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, a 10% increase from Rs 1,800 per sq.ft in 2023. Prior to that, the 2017 revision recorded a value of Rs 1,206 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall increase from the 2017 revision to the 2024 revision is 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. The median value for these streets is Rs 2,090 per sq.ft, placing Sehik Mohammed Street's 2024 figure below this median.

• Seethalai Sathanar Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Seethalai Sathanar Street: Rs 1,980 per sq.ft (2024)
• Sellammal Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Sellappan Street: Rs 1,760 per sq.ft (2024)
• Sellappa Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Secretariat Colony (All Streets): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sehik Mohammed 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 would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sehik Mohammed Street, Pasumpon Nagar?

The Sub Registrar Office that covers Sehik Mohammed Street, Pasumpon 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 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 determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sehik Mohammed Street?

The current guideline value of Sehik Mohammed 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 1,980 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Sehik Mohammed Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Sehik Mohammed Street?

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