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Guideline Value

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Guideline Value for T.N.H.B Residential 3rd Street

₹2420/sq.ft.

The guideline value for T.n.h.b Residential 3rd Street in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /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 T.n.h.b Residential 3rd Street

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T.N.H.B Residential 3rd Street guideline value

The current guideline value for T.N.H.B Residential 3rd Street in Thiruneermalai village is Rs 2,420 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of T.N.H.B Residential 3rd Street has changed

The guideline value for T.N.H.B Residential 3rd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, which is a 10% increase from the 2023 revision of Rs 2,200 per sq.ft. Prior to that, in 2017, the value was Rs 1,474 per sq.ft, indicating a significant increase of 49% over the six years leading up to 2023. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This steady rise reflects the changes in the valuation of properties in the area, culminating in the current rate.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the current guideline value for T.N.H.B Residential 3rd Street.

Stamp duty and registration fee for property in T.N.H.B Residential 3rd Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Together, these fees would total Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers T.N.H.B Residential 3rd Street?

T.N.H.B Residential 3rd Street is covered by 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 Thiruneermalai

The guideline value is an essential factor during the registration of property transactions in Thiruneermalai. It serves as a basis for calculating the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the property transfer.

When buying or selling property, it is crucial to consider the guideline value as it reflects the official valuation set by the government. This value is used to determine the appropriate fees and can influence the overall transaction process.

Frequently asked questions

What is the current guideline value of T.N.H.B Residential 3rd Street?

The current guideline value of T.N.H.B Residential 3rd Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 24,20,000, the total fees would amount to Rs 2,17,800.

Which office handles property registrations for T.N.H.B Residential 3rd Street?

The Pammal Sub Registrar Office handles property registrations for T.N.H.B Residential 3rd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is an official valuation that helps ensure transparency and compliance with legal requirements.