Guideline Value for Stalin Street (4th Street)

Stalin Street (4th Street) guideline value

The current guideline value of Stalin Street (4th Street) in Pammal village, under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Stalin Street (4th Street) has changed

The guideline value for Stalin Street (4th Street) has undergone several revisions over the years. Starting from Rs 153 per sq.ft in 2002, it saw an increase to Rs 173 per sq.ft in 2003, marking a 13% rise. The value then rose significantly to Rs 260 per sq.ft in 2007, which was a 50% increase from the previous revision. In 2017, the guideline value jumped to Rs 1,206 per sq.ft, reflecting a remarkable increase of 364%. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The current value of Rs 1,980 per sq.ft, effective from July 2024, represents a 10% increase from the previous year.

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 1194%.

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 (4th Street) is below this median.

• Stalin Street (3rd Street): Rs 1,980 per sq.ft (2024)
• Stalin Street, Moovendhar Ngar: Rs 1,980 per sq.ft (2024)
• Stalin Street (2nd Street): Rs 1,980 per sq.ft (2024)
• Stalin Street (1st Street): Rs 1,980 per sq.ft (2024)
• State Bank Colony (All Streets): Rs 2,750 per sq.ft (2024)
• S.S.Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Stalin Street (4th Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total 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, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Stalin Street (4th Street)?

The Sub Registrar Office that covers Stalin Street (4th Street) 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions. Buyers must be aware that these fees are calculated on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers make informed decisions during property transactions. It is essential for ensuring compliance with local regulations and for accurately estimating the costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Stalin Street (4th Street)?

The current guideline value of Stalin Street (4th 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 significantly from Rs 153 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 1194% over this period.

What is the registration office for Stalin Street (4th Street)?

The registration office for Stalin Street (4th Street) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same amount.

Where can I find more information about the guideline values in Pammal?

More information about the guideline values in Pammal can be found in the registration department's guideline value register, which provides detailed figures for various streets in the area.