Guideline Value for Jothi Street / Thandai Periyar Nagar

Jothi Street / Thandai Periyar Nagar guideline value

The current guideline value of Jothi 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 SRO, and is classified as Residential Class II Type - II.

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

The guideline value for Jothi 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 then rose to Rs 360 per sq.ft in 2007, a 38% increase from the previous revision. By 2017, the value surged to Rs 1,206 per sq.ft, reflecting a remarkable 235% increase. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 has established the guideline value at Rs 1,980 per sq.ft, which is a 10% rise from 2023. Notably, there is no figure available for the year 2012 in the register for this street.

Overall, from 2002 to 2024, the guideline value has increased by 761%. This consistent upward trend highlights the changing landscape of property values in the area.

Guideline values in Pammal

Pammal village features 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 the village is Rs 2,090 per sq.ft, placing Jothi Street / Thandai Periyar Nagar's 2024 figure below this median.

• Joshi Street: Rs 1,980 per sq.ft (2024)
• Kadar Basha Street: Rs 1,760 per sq.ft (2024)
• Kakkan 2nd Cross Street, H.L. Colony: Rs 2,530 per sq.ft (2024)
• Kakkan Cross Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kakkan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Jeevanandhan Street / Nagalkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Jothi 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 amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Therefore, the total cost for stamp duty and registration would be Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Jothi 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 when buying or selling property in Pammal. It serves as the benchmark for determining the stamp duty and registration fees that are payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the transaction's legitimacy. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. Conversely, if the sale price is lower, the duty is based on the guideline value.

Frequently asked questions

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

The current guideline value of Jothi Street / Thandai Periyar Nagar is Rs 1,980 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 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 761%.

What are the stamp duty and registration fees for properties on this 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.

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

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

What is the land classification of Jothi Street / Thandai Periyar Nagar?

Jothi Street / Thandai Periyar Nagar is classified as Residential Class II Type - II.