Guideline Value for Thangavasanammal Street / Pasumpon Nagar

Thangavasanammal Street / Pasumpon Nagar guideline value

The current guideline value for Thangavasanammal Street / Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO with a land classification of Residential Class II Type - II.

How the guideline value of Thangavasanammal Street / Pasumpon Nagar has changed

The guideline value for Thangavasanammal Street / Pasumpon Nagar has undergone significant changes over the years. 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 saw a further increase to Rs 360 per sq.ft, representing a 59% change from the previous revision. However, there are no figures available for the revisions in 2012 and 2017.

After a substantial gap, the guideline value rose dramatically to Rs 1,800 per sq.ft in 2023, a 400% increase from the 2007 figure. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 890%.

Guideline values in Pammal

Pammal village features 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Thangavasanammal Street / Pasumpon Nagar below this median.

• Thangaran Street, Cholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thangaraj Street / Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thangavel Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Thangayya Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Thanthai Periyar Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Thandayar Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Thangavasanammal Street / Pasumpon Nagar

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 to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thangavasanammal Street / Pasumpon Nagar?

The Sub Registrar Office that covers Thangavasanammal Street / Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory when buying or selling property.

Frequently asked questions

What is the current guideline value for Thangavasanammal Street / Pasumpon Nagar?

The current guideline value for Thangavasanammal Street / Pasumpon Nagar 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 changed significantly from Rs 200 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Pammal?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, is responsible for property registrations in Pammal.

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum value for property registration and is used to calculate the applicable stamp duty and registration fees during property transactions.