Guideline Value for THANTHAI PERIYAR AVVAIYAR STREET

Thanthai Periyar Avvaiyar Street guideline value

The current guideline value of Thanthai Periyar Avvaiyar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Thanthai Periyar Avvaiyar Street has changed

The guideline value for Thanthai Periyar Avvaiyar Street has undergone revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which reflects a 10% increase from the 2012 revision of Rs 1,500 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024. This change indicates a notable adjustment in the valuation of the property over the years.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is also the current guideline value for Thanthai Periyar Avvaiyar Street.

• Thanthai Periyar Kamaraj Street: Rs 1,650 per sq.ft (2024)
• Thanks Nagar: Rs 1,320 per sq.ft (2024)
• Thanigai Nagar: Rs 1,320 per sq.ft (2024)
• Theeran Chinna Malai Street: Rs 2,200 per sq.ft (2024)
• Thangam Nagar: Rs 1,650 per sq.ft (2024)
• Thangam Avenue: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Avvaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thanthai Periyar Avvaiyar Street?

The Sub Registrar Office that covers Thanthai Periyar Avvaiyar Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

You can find your SRO for more information.

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

When buying or selling property in Pallikaranai, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is essentially the minimum value set by the government for property transactions, and it ensures that the transaction is recorded at a fair value.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Avvaiyar Street?

The current guideline value of Thanthai Periyar Avvaiyar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thanthai Periyar Avvaiyar Street was Rs 1,500 per sq.ft in 2012 and increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

What is the median guideline value for streets in Pallikaranai?

The median guideline value for the 749 streets in Pallikaranai under the Chennai South Joint I SRO is Rs 1,650 per sq.ft, which is the same as the current value for Thanthai Periyar Avvaiyar Street.

What are the stamp duty and registration fees for a property in Thanthai Periyar Avvaiyar Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Thanthai Periyar Avvaiyar Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Thanthai Periyar Avvaiyar Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.