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Guideline Value

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Guideline Value for Srinivasa Perumal Koil Street (ward 6)

₹1100/sq.ft.

The guideline value for Srinivasa Perumal Koil Street (ward 6) in Erandankattalai village (Pammal SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Erandankattalai

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Srinivasa Perumal Koil Street (ward 6)

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Srinivasa Perumal Koil Street (ward 6) guideline value

The current guideline value of Srinivasa Perumal Koil Street (ward 6) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Erandankattalai village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Srinivasa Perumal Koil Street (ward 6) has changed

The guideline value for Srinivasa Perumal Koil Street has undergone several revisions over the years. The earliest revision available is from 2017, where the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

There are no available figures for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current value of Srinivasa Perumal Koil Street (ward 6).

Stamp duty and registration fee for property in Srinivasa Perumal Koil Street (ward 6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers Srinivasa Perumal Koil Street (ward 6)?

The Sub Registrar Office that covers Srinivasa Perumal Koil Street (ward 6) 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 Erandankattalai

The guideline value plays a crucial role in the registration process when buying or selling property in Erandankattalai. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives the appropriate stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value to ensure compliance with the legal requirements. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Srinivasa Perumal Koil Street (ward 6)?

The current guideline value of Srinivasa Perumal Koil Street (ward 6) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration fee for property in Srinivasa Perumal Koil Street (ward 6)?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 11,00,000, the registration fee would be Rs 22,000.

Where can I find the Sub Registrar Office for this area?

The Pammal Sub Registrar Office covers Srinivasa Perumal Koil Street (ward 6) and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration, ensuring that stamp duty and registration fees are correctly assessed based on the higher of the guideline value or the sale price.