Guideline Value for Suryamman Koil Street

Suryamman Koil Street guideline value

The current guideline value of Suryamman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Suryamman Koil Street has changed

Over the years, the guideline value of Suryamman Koil Street has seen significant changes. In 2002, the guideline value was Rs 200 per sq.ft, which increased to Rs 226 per sq.ft in 2003, marking a 13% rise. By 2007, the value further increased to Rs 260 per sq.ft, reflecting a 15% change. The 2017 revision saw a substantial jump to Rs 1,072 per sq.ft, which was a 312% increase from the previous revision. Currently, the 2024 revision has set the guideline value at Rs 1,760 per sq.ft, representing a 64% increase from 2017.

It is important to note that there are no figures available for the years 2012 and 2023 for Suryamman Koil Street. Overall, from 2002 to 2024, the guideline value has increased by 780%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 2,090 per sq.ft, indicating that Suryamman Koil Street's 2024 guideline value is below this median.

• Surikulum: Rs 1,760 per sq.ft (2024)
• Swaminathan Nagar (All Streets): Rs 1,870 per sq.ft (2024)
• Swami Vivekanadar Street: Rs 1,760 per sq.ft (2024)
• Sundarvadivelu Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Sundaram Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• T.Durairaj Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Suryamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost of duty and fees to Rs 1,58,400. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Suryamman Koil Street?

The Sub Registrar Office that covers Suryamman Koil 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 more details.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value ensures that the property is registered at a value that reflects its worth according to official records.

When a buyer or seller approaches the registration office, the guideline value will be referenced to calculate the applicable fees. This system helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved in the process.

Frequently asked questions

What is the current guideline value of Suryamman Koil Street?

The current guideline value of Suryamman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 200 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 780%.

What is the land classification of Suryamman Koil Street?

Suryamman Koil Street is classified as Residential Class III Type - II, indicating its designation for residential purposes within the area.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Suryamman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 17,60,000, the stamp duty at 7% would be Rs 1,23,200.