Guideline Value for Thandai Periyar 2nd Cross Street /Sholavaram Nagar

Thandai Periyar 2nd Cross Street /Sholavaram Nagar guideline value

The current guideline value for Thandai Periyar 2nd Cross Street /Sholavaram Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Thandai Periyar 2nd Cross Street /Sholavaram Nagar has changed

The guideline value for Thandai Periyar 2nd Cross Street /Sholavaram Nagar has seen significant changes over the years. Starting from Rs 184 per sq.ft in 2002, it increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, which was a 73% increase from the previous revision. In 2017, the guideline value further increased to Rs 1,206 per sq.ft, reflecting a substantial 235% change. The latest revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 64% increase from 2017. Overall, from 2002 to 2024, the guideline value has increased by 976%.

It is important to note that there are no figures available for the years 2012 and 2023 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Thandai Periyar 2nd Cross Street /Sholavaram Nagar below this median.

• Thandai Periyar 1st Cross Street /Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thandai Periyar 3rd Cross Street /Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Nagar (All Streets): Rs 1,980 per sq.ft (2024)
• Thandai Periyar Street /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Thandai Periyar Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Thandai Periyar Street /Muthamazhi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thandai Periyar 2nd Cross Street /Sholavaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thandai Periyar 2nd Cross Street /Sholavaram Nagar?

The Sub Registrar Office that covers Thandai Periyar 2nd Cross Street /Sholavaram Nagar is 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 Pammal

The guideline value is a critical factor in property transactions within Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered. When buyers and sellers agree on a sale price, the registration office will assess the higher value between the sale price and the guideline value for calculating stamp duty and registration fees.

Understanding the guideline value is essential for both buyers and sellers, as it influences the overall cost of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Thandai Periyar 2nd Cross Street /Sholavaram Nagar?

The current guideline value for Thandai Periyar 2nd Cross Street /Sholavaram Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 184 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 976% over this period.

What is the land classification for this street?

Thandai Periyar 2nd Cross Street /Sholavaram Nagar falls under the Residential Class II Type - II land classification.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000.