Guideline Value for Stalin Street (3rd Street)

Stalin Street (3rd Street) guideline value

The current guideline value of Stalin Street (3rd Street) in Pammal village, under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class II Type - II.

How the guideline value of Stalin Street (3rd Street) has changed

The guideline value for Stalin Street (3rd Street) has seen significant changes over the years. In 2002, the guideline value was Rs 153 per sq.ft. This value increased to Rs 173 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 260 per sq.ft in 2007, which was a 50% increase from the previous revision. By 2017, the guideline value jumped to Rs 1,206 per sq.ft, reflecting a substantial increase of 364% from 2007. The next revision in 2023 set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 saw the guideline value rise to Rs 1,980 per sq.ft, a 10% increase from 2023.

It is important to note that there is no figure available for the year 2012 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,194%.

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, with a median value of Rs 2,090 per sq.ft. The guideline value of Stalin Street (3rd Street) is below this median.

• Stalin Street (2nd Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (4th Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (1st Street): Rs 1,980 per sq.ft (2024)
• Stalin Street, Moovendhar Ngar: Rs 1,980 per sq.ft (2024)
• S.S.Avenue: Rs 1,980 per sq.ft (2024)
• State Bank Colony (All Streets): Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Stalin Street (3rd Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the 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, totaling Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Stalin Street (3rd Street)?

The Sub Registrar Office that covers Stalin Street (3rd Street) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Stalin Street (3rd Street)?

The current guideline value of Stalin Street (3rd Street) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 153 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking a total increase of 1,194% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal for 2024 is Rs 2,090 per sq.ft, while Stalin Street (3rd Street) is below this median.

What are the stamp duty and registration fees for property in Stalin Street (3rd Street)?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,78,200 based on the current guideline value.

Which office handles the registration for Stalin Street (3rd Street)?

The Pammal Sub Registrar Office handles the registration for Stalin Street (3rd Street), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.