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Guideline Value

Corporate

Guideline Value for Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar

₹1980/sq.ft.

The guideline value for Vaidyalingam Street (me.aa.)/ Muthamzhi Nagar in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹360 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹274 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹242 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Vaidyalingam Street (me.aa.)/ Muthamzhi Nagar

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Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar guideline value

The current guideline value of Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar is Rs 1,980 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 II Type - II.

How the guideline value of Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar has changed

The guideline value for Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar has seen significant changes over the years. In the 2002 revision, the value was Rs 242 per sq.ft, which increased to Rs 274 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 360 per sq.ft in 2007, representing a 31% growth. The 2012 revision has no figure available for this street. In 2017, the guideline value rose remarkably to Rs 1,206 per sq.ft, reflecting a 235% increase from 2007. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017, and the latest revision in 2024 has further increased it to Rs 1,980 per sq.ft, which is a 10% rise from the previous year.

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 Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar's current value is below this median.

Stamp duty and registration fee for property in Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total fees would be 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar?

The Sub Registrar Office that covers Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar 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 Pammal

The guideline value is a crucial factor in the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling a property, the guideline value is compared to the sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar?

The current guideline value of Vaidyalingam Street (Me.Aa.)/ Muthamzhi 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 242 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 718% over the years.

What is the classification of land on Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar?

The land classification for Vaidyalingam Street (Me.Aa.)/ Muthamzhi Nagar is Residential Class II Type - II.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties in Pammal?

The Pammal Sub Registrar Office handles registrations for properties in Pammal, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.