Guideline Value for Valliammai Street, Nehru Nagar

Valliammai Street, Nehru Nagar guideline value

The current guideline value of Valliammai Street, Nehru Nagar is Rs 1,980 per sq.ft. This street is located in Pammal village, under the Pammal SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Valliammai Street, Nehru Nagar has changed

The guideline value for Valliammai Street has seen several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,800 per sq.ft, and this increased to Rs 1,980 per sq.ft in the 2024 revision, marking a change of +10%.

In the 2024 revision, the guideline value stands at Rs 1,980 per sq.ft. This is an increase from the previous year, where the 2023 figure was Rs 1,800 per sq.ft. The consistent updates reflect the changes in property values over time.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Valliammai Street's 2024 figure below that median.

• Valliamman Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Vallal Pari Street / Muthamzhi Nagar: Rs 1,980 per sq.ft (2024)
• Vallal Pari Street, Muthamiaz Nagar: Rs 1,980 per sq.ft (2024)
• Vallalar Street / Sathya Nagar: Rs 1,980 per sq.ft (2024)
• Vallalar Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Vallalar Street, Gandhi Nagar Ext: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammai Street, Nehru 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, 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 duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Valliammai Street, Nehru Nagar?

The Sub Registrar Office that covers Valliammai Street, Nehru 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 critical factor when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that transactions are recorded accurately in the official registry.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Valliammai Street, Nehru Nagar?

The current guideline value of Valliammai Street, Nehru Nagar is Rs 1,980 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Valliammai Street has increased from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, reflecting a change of +10%.

What is the median guideline value in Pammal?

The median guideline value in Pammal village is Rs 2,090 per sq.ft, and Valliammai Street's 2024 figure is below this median.

What are the stamp duty and registration fees for property in Valliammai Street?

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.

Where is the Sub Registrar Office for Valliammai Street located?

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