Guideline Value for THANDAI PERIYAR STREET

Thandai Periyar Street guideline value

The current guideline value of Thandai Periyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thandai Periyar Street has changed

The guideline value of Thandai Periyar Street has seen several revisions over the years. In 2003, the guideline value was Rs 168 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007, marking a 198% rise. The value then jumped to Rs 2,000 per sq.ft in 2012, reflecting a 300% increase from the previous revision. However, it decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The guideline value rose again to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1210%. It is important to note that the register has no figure for Thandai Periyar Street for the year 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which is equal to the current figure for Thandai Periyar Street.

• Thanigaivel Garden: Rs 3,300 per sq.ft (2024)
• Teachers Colony Main Road: Rs 4,500 per sq.ft (2024)
• TEACHERS COLONY 4th CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 3rd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 2nd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 1st CROSS STREET: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Thandai Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Thandai Periyar Street?

The Sub Registrar Office that covers Thandai Periyar Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Enjambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is essentially the minimum value assigned to a property, and it is used by the authorities to calculate the applicable taxes during the registration process.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Ensuring that the sale price is in line with the guideline value can help avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Thandai Periyar Street?

The current guideline value of Thandai Periyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 168 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, with various revisions occurring in between, including increases and decreases in value.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Thandai Periyar Street?

The Sub Registrar Office for Thandai Periyar Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What classification does Thandai Periyar Street fall under?

Thandai Periyar Street is classified as Residential Class III Type - I, indicating its designation for residential purposes.