Guideline Value for THANTHAI PERIYAR KAMARAJ STREET

Thanthai Periyar Kamaraj Street guideline value

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

How the guideline value of Thanthai Periyar Kamaraj Street has changed

The guideline value for Thanthai Periyar Kamaraj Street has seen several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 1,500 per sq.ft. This value increased by 10% to Rs 1,650 per sq.ft in the 2024 revision, effective from 1 July 2024.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only significant changes recorded are from 2012 to 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, with rates 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 equal to the 2024 figure for Thanthai Periyar Kamaraj Street.

• Thanthai Periyar Avvaiyar 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 Kamaraj 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, bringing the total fees together to Rs 1,48,500. 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 Thanthai Periyar Kamaraj Street?

The Sub Registrar Office that covers Thanthai Periyar Kamaraj 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.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This process helps maintain a standardized approach to property valuation across the region.

Frequently asked questions

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

The current guideline value of Thanthai Periyar Kamaraj 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 Kamaraj Street was Rs 1,500 per sq.ft in 2012 and increased by 10% to Rs 1,650 per sq.ft in the 2024 revision. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for this street?

The land classification for Thanthai Periyar Kamaraj Street is Residential Class IV Type - I. This classification indicates the type of development permitted in the area.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%, and the registration fee would be Rs 33,000 at 2%, totaling Rs 1,48,500. The duty is charged on the higher of the guideline value and the sale price.

Which Sub Registrar Office covers this area?

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