Guideline Value for Sindalamman Koil 1st Street / VOC Nagar

Sindalamman Koil 1st Street / VOC Nagar guideline value

The current guideline value of Sindalamman Koil 1st Street / VOC Nagar is Rs 2,750 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 Commercial Class I Type - II.

How the guideline value of Sindalamman Koil 1st Street / VOC Nagar has changed

The guideline value for Sindalamman Koil 1st Street / VOC Nagar has seen significant changes over the years. Starting from Rs 185 per sq.ft in 2002, the value increased to Rs 210 in 2003, marking a 14% rise. The value continued to rise to Rs 360 in 2007, which was a 71% increase from the previous revision. The 2017 revision set the value at Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from 2007. In 2023, the value was revised to Rs 2,500 per sq.ft, which was a 49% increase from 2017. The latest revision in 2024 has set the value at Rs 2,750 per sq.ft, a 10% increase from the previous year. The register has no figure for this street in 2012.

Overall, from 2002 to 2024, the guideline value has increased by 1386%, showcasing a substantial rise in property valuation over the years. The current value of Rs 2,750 per sq.ft is above the median guideline value of Rs 2,090 per sq.ft for the 926 streets in Pammal under the Pammal SRO.

Guideline values in Pammal

Pammal village has a diverse range of guideline values, with figures for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. Sindalamman Koil 1st Street / VOC Nagar's current value is above the median of Rs 2,090 per sq.ft. Here are some other streets in Pammal:

• Sindalamman Koil Street: Rs 1,980 per sq.ft (2024)
• Singal Office Salai / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Singal Office West Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Sigamani Street / Shivashankaran Nagar: Rs 1,980 per sq.ft (2024)
• Sigamani Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Shongvel Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sindalamman Koil 1st Street / VOC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sindalamman Koil 1st Street / VOC Nagar?

The Sub Registrar Office that covers Sindalamman Koil 1st Street / VOC 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 plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sindalamman Koil 1st Street / VOC Nagar?

The current guideline value of Sindalamman Koil 1st Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 185 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1386% over the years.

What is the land classification for Sindalamman Koil 1st Street / VOC Nagar?

The land classification for Sindalamman Koil 1st Street / VOC Nagar is Commercial Class I Type - II.

Where can I find the registration office for properties in this area?

The registration office for properties in Sindalamman Koil 1st Street / VOC Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.