Guideline Value for Stalin Street (10)

Stalin Street (10) guideline value

The current guideline value of Stalin Street (10) in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Stalin Street (10) has changed

The guideline value for Stalin Street (10) has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for Stalin Street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Stalin Street (10) is below this median.

• Stalin Street (12): Rs 1,100 per sq.ft (2024)
• Subam Avenue: Rs 1,320 per sq.ft (2024)
• Subramani Street Divyadas Nagar: Rs 1,100 per sq.ft (2024)
• Sudharma: Rs 1,100 per sq.ft (2024)
• Thamarai Street: Rs 1,100 per sq.ft (2024)
• Thandumariyamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Stalin Street (10)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total 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 Stalin Street (10)?

The Sub Registrar Office that covers Stalin Street (10) 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 Pozhichalur

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Stalin Street (10)?

The current guideline value for Stalin Street (10) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Stalin Street (10) has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Pozhichalur with similar guideline values?

Other streets in Pozhichalur with similar guideline values include Stalin Street (12), Subramani Street Divyadas Nagar, Sudharma, Thamarai Street, and Thandumariyamman Koil Street, all valued at Rs 1,100 per sq.ft in 2024.

What is the stamp duty rate for properties in Stalin Street (10)?

The stamp duty rate for properties in Stalin Street (10) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Stalin Street (10)?

The Sub Registrar Office for Stalin Street (10) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.