Guideline Value for Veerapandya Kattabooman Street / Muthumazhi Nagar

Veerapandya Kattabooman Street / Muthumazhi Nagar guideline value

The current guideline value of Veerapandya Kattabooman Street / Muthumazhi Nagar is Rs 2,475 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 I Type - II.

How the guideline value of Veerapandya Kattabooman Street / Muthumazhi Nagar has changed

The guideline value for Veerapandya Kattabooman Street / Muthumazhi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 242 per sq.ft, which increased to Rs 274 per sq.ft in 2003, marking a 13% rise. By 2007, the value had further risen to Rs 360 per sq.ft, reflecting a 31% increase from the previous revision. However, there are no figures available for the years 2012 and 2017.

In the 2023 revision, the guideline value was set at Rs 2,250 per sq.ft, which was a substantial increase of 525% from the 2007 figure. The most recent revision in 2024 has seen the guideline value rise to Rs 2,475 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 923%.

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 of 2024. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Veerapandya Kattabooman Street / Muthumazhi Nagar above this median.

• Veeraragavan Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Veeramani Street / Thriuvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Veeramamunivar Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Vedhagiri Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Vellangani Street: Rs 1,760 per sq.ft (2024)
• Velmurugan Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Veerapandya Kattabooman Street / Muthumazhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, leading to a total of Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Veerapandya Kattabooman Street / Muthumazhi Nagar?

The Sub Registrar Office that covers Veerapandya Kattabooman Street / Muthumazhi 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 details.

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

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

When buying or selling property, the guideline value helps both parties understand the value of the property based on government assessments. This can aid in negotiations and ensure that transactions are transparent and fair.

Frequently asked questions

What is the current guideline value of Veerapandya Kattabooman Street / Muthumazhi Nagar?

The current guideline value of Veerapandya Kattabooman Street / Muthumazhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 242 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, which is an overall increase of 923%.

What is the registration fee for property in this area?

The registration fee for property in Veerapandya Kattabooman Street / Muthumazhi Nagar is 2% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

The Pammal Sub Registrar Office handles registrations for Veerapandya Kattabooman Street / Muthumazhi Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, with Veerapandya Kattabooman Street / Muthumazhi Nagar's current value being above this median.