Guideline Value for Delhi Street / Thandai Periyar Nagar

Delhi Street / Thandai Periyar Nagar guideline value

The current guideline value of Delhi Street / Thandai Periyar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Delhi Street / Thandai Periyar Nagar has seen significant changes over the years. In 2002, the 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, a change of 38%. By 2017, the guideline value reached Rs 1,340 per sq.ft, reflecting a substantial increase of 272%. In 2023, it was revised to Rs 2,000 per sq.ft, a 49% increase from the previous revision. The latest revision in 2024 sets the value at Rs 2,200 per sq.ft, which is a 10% increase from 2023. Notably, the register has no figure for this street in 2012.

Guideline values in Pammal

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

• Deivasigamani Street / Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Deivasigamani Cross Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Deivanayagam Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Devadas Street/Anna Nagar: Rs 2,750 per sq.ft (2024)
• Devadas Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Devadas Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Delhi Street / Thandai Periyar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, together totaling Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Delhi Street / Thandai Periyar 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 the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the actual sale price of the property.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers must be aware of these values to ensure compliance with legal requirements and to accurately assess their financial obligations during the property transfer process.

Frequently asked questions

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

The current guideline value of Delhi Street / Thandai Periyar Nagar is Rs 2,200 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 230 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 857% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Delhi Street / Thandai Periyar Nagar's current value being above this median.

What are the stamp duty and registration fees for property in Delhi Street / Thandai Periyar Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Delhi Street / Thandai Periyar Nagar?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone, handles the registration for Delhi Street / Thandai Periyar Nagar.