Guideline Value for Shivasanakaran Street/Thiruvalluvar Nagar

Shivasanakaran Street/Thiruvalluvar Nagar guideline value

The current guideline value for Shivasanakaran Street/Thiruvalluvar 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 Shivasanakaran Street/Thiruvalluvar Nagar has changed

The guideline value for Shivasanakaran Street/Thiruvalluvar Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show an increase from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, the guideline value for this street was not recorded in the register. The 2024 figure of Rs 2,475 per sq.ft is the only available data for this street, reflecting the latest update in the guideline value register.

Guideline values in Pammal

In Pammal, there are a total of 926 streets under the Pammal SRO, with guideline values 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 Shivasanakaran Street/Thiruvalluvar Nagar above this median with its 2024 figure of Rs 2,475 per sq.ft.

• Shivasanakaran Street /Thiru Nagar: Rs 1,980 per sq.ft (2024)
• Shivasanakaran Cross Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Shivaji Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Shongvel Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Shastri Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Sigamani Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Shivasanakaran Street/Thiruvalluvar 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. Together, the total cost would be 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.

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

Which Sub Registrar Office covers Shivasanakaran Street/Thiruvalluvar Nagar?

The Sub Registrar Office that covers Shivasanakaran Street/Thiruvalluvar 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 crucial factor in the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties 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 establish a fair transaction price. Buyers and sellers must consider this value to comply with legal requirements and avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Shivasanakaran Street/Thiruvalluvar Nagar?

The current guideline value for Shivasanakaran Street/Thiruvalluvar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 in the register.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft. The guideline value for Shivasanakaran Street/Thiruvalluvar Nagar is above this median at Rs 2,475 per sq.ft.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250, and the registration fee would be Rs 49,500, totaling Rs 2,22,750. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Shivasanakaran Street/Thiruvalluvar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO through the provided link.