Guideline Value for Chakarapani Street / Thandai Periyar Nagar

Chakarapani Street / Thandai Periyar Nagar guideline value

The current guideline value of Chakarapani Street / Thandai Periyar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class II Type - II.

How the guideline value of Chakarapani Street / Thandai Periyar Nagar has changed

The guideline value for Chakarapani Street / Thandai Periyar Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 360 per sq.ft in 2007, representing a 38% change. By 2017, the guideline value had jumped to Rs 1,206 per sq.ft, a significant increase of 235%. The 2023 revision set the value at Rs 1,800 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has raised the guideline value to Rs 1,980 per sq.ft, which is a 10% increase from 2023.

It is important to note that there is no figure available for Chakarapani Street / Thandai Periyar Nagar in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Chakarapani Street / Thandai Periyar Nagar is below this median.

• Chakarapani Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Chakarapani Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Buddhar Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Brindavan Colony (All Streets): Rs 1,980 per sq.ft (2024)
• Cheran Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Chettshop Lane, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Chakarapani Street / Thandai Periyar 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 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.

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

Which Sub Registrar Office covers Chakarapani Street / Thandai Periyar Nagar?

The Chakarapani Street / Thandai Periyar Nagar falls under the jurisdiction of 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 further assistance.

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

The guideline value is an essential factor in property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. This value is set by the Registration Department and is regularly updated to reflect changes in the real estate market.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chakarapani Street / Thandai Periyar Nagar?

The current guideline value of Chakarapani Street / Thandai Periyar 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 seen significant increases over the years, from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 761%.

What is the registration fee for property in Chakarapani Street / Thandai Periyar Nagar?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 19,80,000, the registration fee would be Rs 39,600 at a rate of 2%.

Which Sub Registrar Office covers Chakarapani Street / Thandai Periyar Nagar?

The Pammal Sub Registrar Office covers Chakarapani Street / Thandai Periyar Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Where can I find more information about stamp duty and registration fees?

You can find more information on stamp duty and registration fees by using the stamp duty and registration fee calculator available online.