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Guideline Value

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Guideline Value for Sri Gayathri Avenue

₹990/sq.ft.

The guideline value for Sri Gayathri Avenue in Tharapakkam village (Pammal SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tharapakkam

Village

Pammal

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Gayathri Avenue

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Sri Gayathri Avenue guideline value

The current guideline value of Sri Gayathri Avenue, located in Tharapakkam village under the Pammal SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Gayathri Avenue has changed

The guideline value for Sri Gayathri Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 990 per sq.ft, up from Rs 900 per sq.ft in 2023, marking a 10% increase. Prior to that, the 2017 revision recorded a value of Rs 603 per sq.ft, which indicates a significant increase of 49% from 2017 to 2023 and an overall increase of 64% from 2017 to 2024.

It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012. This lack of data highlights the fluctuations and changes in property values over the years.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sri Gayathri Avenue's 2024 figure below the median.

Stamp duty and registration fee for property in Sri Gayathri Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. 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 further assistance.

Which Sub Registrar Office covers Sri Gayathri Avenue?

Sri Gayathri Avenue is covered by 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 Tharapakkam

The guideline value plays a crucial role during the registration process of property transactions in Tharapakkam. It is used to determine the stamp duty and registration fees, which are mandatory for legal documentation. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the applicable fees. It is essential for both parties to understand that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the transaction is conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Sri Gayathri Avenue?

The current guideline value of Sri Gayathri Avenue is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and now to Rs 990 per sq.ft in 2024. This reflects an increase of 64% from 2017 to 2024.

What are the other streets in Tharapakkam?

Other streets in Tharapakkam include Sri Krishna Garden, Shobanam Nagar, Shobanam Enclave, Selva Ganapathy Nagar, R.G.M Nagar, and Raja Koil Street (ward 9), each with varying guideline values for 2024.

What fees are associated with buying property in Sri Gayathri Avenue?

When buying property in Sri Gayathri Avenue, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Gayathri Avenue?

The Sub Registrar Office covering Sri Gayathri Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.