Guideline Value for Sooran Street, Pasumpon Nagar

Sooran Street, Pasumpon Nagar guideline value

The current guideline value of Sooran Street in 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 Sooran Street, Pasumpon Nagar has changed

The guideline value for Sooran Street was last revised in 2024, where it increased to Rs 1,980 per sq.ft from Rs 1,206 per sq.ft in the 2017 revision. This change represents a significant increase of 64% over the seven-year period.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The only recorded values are from the 2017 and 2024 revisions.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing Sooran Street's 2024 figure below this median.

• S.K.P. Square: Rs 1,760 per sq.ft (2024)
• Sivasankaran Street, Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Sivasankaran Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Sivasankaran Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Sivasankaran Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Singal Office West Street, Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sooran 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 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, resulting in a total of Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sooran Street, Pasumpon Nagar?

The Sub Registrar Office that covers Sooran Street in 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 is a crucial factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, 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 Sooran Street, Pasumpon Nagar?

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

How much 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% increase over this period.

Are there any years without a recorded guideline value for Sooran Street?

Yes, there are no recorded guideline values for Sooran Street in the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which means Sooran Street's current value is below this median.

Where can I find the Sub Registrar Office for Sooran Street?

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