Guideline Value for Sri Saraswathi Muthupandiyan Nagar

Sri Saraswathi Muthupandiyan Nagar guideline value

The current guideline value of Sri Saraswathi Muthupandiyan 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 it falls under the Residential Class II Type - II land classification.

How the guideline value of Sri Saraswathi Muthupandiyan Nagar has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This figure remained unchanged in the revisions for 2002, 2003, 2007, 2012, and 2023, as the register has no figure for this street in those years. The most recent revision in 2024 saw the guideline value increase to Rs 1,980 per sq.ft, marking a significant change of +64% from the 2017 figure.

Thus, the guideline value has seen an increase from Rs 1,206 in 2017 to Rs 1,980 in 2024. This change reflects the latest valuation and is important for property transactions in the area.

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, which means that the 2024 guideline value for Sri Saraswathi Muthupandiyan Nagar is below this median.

• S.S.Avenue: Rs 1,980 per sq.ft (2024)
• Stalin Street (1st Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (2nd Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (3rd Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (4th Street): Rs 1,980 per sq.ft (2024)
• Stalin Street, Moovendhar Ngar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Saraswathi Muthupandiyan 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 be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to 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 the stamp duty and registration fee calculator for more accurate calculations based on your specific property transaction.

Which Sub Registrar Office covers Sri Saraswathi Muthupandiyan Nagar?

The Sub Registrar Office that covers Sri Saraswathi Muthupandiyan 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 property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is established by the registration department and is updated periodically to reflect current market conditions.

When you register a property, the guideline value will be used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction. It is essential to check the latest guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Saraswathi Muthupandiyan Nagar?

The current guideline value of Sri Saraswathi Muthupandiyan Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024.

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 indicates that the guideline value for Sri Saraswathi Muthupandiyan Nagar is below this median.

What fees are associated with property transactions in Sri Saraswathi Muthupandiyan Nagar?

For property transactions in Sri Saraswathi Muthupandiyan Nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Saraswathi Muthupandiyan Nagar?

The Sub Registrar Office for Sri Saraswathi Muthupandiyan Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.