Guideline Value for Sridharan Street/ Thandai Periyar Nagar

Sridharan Street/ Thandai Periyar Nagar guideline value

The current guideline value of Sridharan 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 Sridharan Street/ Thandai Periyar Nagar has changed

The guideline value for Sridharan Street/ Thandai Periyar Nagar has seen significant changes 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 then jumped to Rs 360 per sq.ft in 2007, reflecting a 38% increase from the previous revision. By 2017, the guideline value surged to Rs 1,206 per sq.ft, a remarkable 235% increase from 2007. The latest revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 64% increase from 2017. Notably, the register has no figures for the years 2012 and 2023 for this street.

Overall, from 2002 to 2024, the guideline value has increased by 761%. This consistent rise in the guideline value reflects changes in the real estate landscape in the area, with the most substantial increase occurring between 2007 and 2017.

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. The median guideline value for these streets is Rs 2,090 per sq.ft, positioning Sridharan Street/ Thandai Periyar Nagar below that median at Rs 1,980 per sq.ft.

• Sooran Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Srinivasan Cross Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Srinivasan Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Srinivasan Street, LIC Colony Extn: Rs 2,530 per sq.ft (2024)
• Srinivasan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• S.K.P. Square: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sridharan 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 fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office covering Sridharan Street/ Thandai Periyar 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are based on a standardized valuation of the property.

During registration, the buyer must pay the stamp duty and registration fee calculated on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sridharan 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 increased from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 761% over this period.

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

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

Where can I find the registration office for properties in this area?

The registration office for properties in Sridharan Street/ Thandai Periyar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty for properties in Pammal is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.