Guideline Value for THAMARAI GARDEN

Thamarai Garden guideline value

The current guideline value of Thamarai Garden is Rs 250 per sq.ft, effective from 1 July 2024. This locality is situated in Panapakkam village, under the jurisdiction of the Arani_Tiruvallur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thamarai Garden has changed

The guideline value for Thamarai Garden has seen several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that 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 50%.

Guideline values in Panapakkam

In Panapakkam, four streets are listed under the Arani_Tiruvallur SRO with a 2024 guideline value ranging from Rs 150 to Rs 250 per sq.ft. The median value for these streets is Rs 200 per sq.ft, and Thamarai Garden's 2024 figure is above this median.

• Sri Rajalakshmi Nagar: Rs 200 per sq.ft (2024)
• Vallalaar Nagar: Rs 150 per sq.ft (2024)
• Varalakshmi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Thamarai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thamarai Garden?

The Sub Registrar Office that covers Thamarai Garden is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Thamarai Garden?

The current guideline value of Thamarai Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and remained the same in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Panapakkam?

Other streets in Panapakkam have the following guideline values: Sri Rajalakshmi Nagar at Rs 200 per sq.ft, Vallalaar Nagar at Rs 150 per sq.ft, and Varalakshmi Nagar at Rs 200 per sq.ft, all for the year 2024.

What are the stamp duty and registration fees for a property in Thamarai Garden?

For a 1,000 sq.ft plot valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Thamarai Garden?

The Arani_Tiruvallur Sub Registrar Office handles property registrations for Thamarai Garden, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.