Guideline Value

Corporate

Guideline Value for Sri Pachayamman Nagar

₹550/sq.ft.

The guideline value for Sri Pachayamman Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹189 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Pachayamman Nagar

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Sri Pachayamman Nagar guideline value

The current guideline value of Sri Pachayamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pammathukulam village and falls under the Redhills SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Pachayamman Nagar has changed

The guideline value for Sri Pachayamman Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 189 per sq.ft. This increased significantly to Rs 20 per sq.ft in 2003. Following this, the value saw a substantial rise to Rs 200 per sq.ft in 2007, and then to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017, before rising to Rs 500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 550 per sq.ft.

Between the revisions, the most notable changes include a remarkable increase of 900% from 2003 to 2007 and a 150% increase from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase.

Guideline values in Pammathukulam

Pammathukulam village has a range of guideline values for its streets, with 101 streets under the Redhills SRO carrying a 2024 figure between Rs 330 and Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the guideline value of Sri Pachayamman Nagar.

Stamp duty and registration fee for property in Sri Pachayamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Pachayamman Nagar?

The Sub Registrar Office that covers Sri Pachayamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pammathukulam

The guideline value is a crucial factor in the registration process of property transactions in Pammathukulam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs for completing the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sri Pachayamman Nagar?

The current guideline value of Sri Pachayamman Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 189 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, with various increases and decreases in between. Notably, there was a significant increase of 900% from 2003 to 2007.

What is the median guideline value in Pammathukulam?

The median guideline value in Pammathukulam for the year 2024 is Rs 550 per sq.ft, which is the same as the guideline value for Sri Pachayamman Nagar.

What are the stamp duty and registration fees for property in Sri Pachayamman Nagar?

For a plot of 1,000 sq.ft, the total guideline value is Rs 5,50,000. The stamp duty at 7% amounts to Rs 38,500, and the registration fee at 2% is Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office for Sri Pachayamman Nagar located?

The Sub Registrar Office for Sri Pachayamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.