Guideline Value for Shamugapriya Street, V.O.C Nagar

Shamugapriya Street, V.O.C Nagar guideline value

The current guideline value of Shamugapriya Street, V.O.C Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Shamugapriya Street, V.O.C Nagar has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This represents a significant increase of 64% to the current value of Rs 1,980 per sq.ft in the 2024 revision. The register has no figure for Shamugapriya Street for the years 2023, 2012, 2007, 2003, and 2002.

From 2017 to 2024, the guideline value has risen notably, reflecting the updated valuation. The absence of figures for the previous years indicates that there was no recorded guideline value for this street during those revisions.

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 Pammal is Rs 2,090 per sq.ft, placing Shamugapriya Street's 2024 value below this median.

• Shankaravidayala Colony: Rs 1,760 per sq.ft (2024)
• Shakulahmed Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Shankar Nagar 10th Street: Rs 2,750 per sq.ft (2024)
• Shankar Nagar 11th Street: Rs 2,750 per sq.ft (2024)
• Shankar Nagar 12th Street: Rs 2,750 per sq.ft (2024)
• Shankar Nagar 13th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Shamugapriya Street, V.O.C Nagar

For a 1,000 sq.ft plot at the current rate, the 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, totaling 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 detailed calculations.

Which Sub Registrar Office covers Shamugapriya Street, V.O.C Nagar?

The Sub Registrar Office that covers Shamugapriya Street, V.O.C 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 figure used during the registration of property transactions in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the official value of the property for registration purposes. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Shamugapriya Street?

The current guideline value of Shamugapriya Street, V.O.C 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking a 64% rise. There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft. Shamugapriya Street's guideline value is below this median.

What are the stamp duty and registration fees for property in Shamugapriya Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 1,78,200. This includes a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600.

Which office handles the registration for Shamugapriya Street?

The Pammal Sub Registrar Office is responsible for the registration of properties on Shamugapriya Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.