Guideline Value for Thandai Periyar 3rd Cross Street /Sholavaram Nagar

Thandai Periyar 3rd Cross Street /Sholavaram Nagar guideline value

The current guideline value for Thandai Periyar 3rd 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 is classified as Residential Class II Type - II.

How the guideline value of Thandai Periyar 3rd Cross Street /Sholavaram Nagar has changed

The guideline value for Thandai Periyar 3rd Cross Street /Sholavaram Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 184 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 13% rise. The value further climbed to Rs 360 per sq.ft in 2007, reflecting a 73% increase from the previous revision. By 2017, the value had surged to Rs 1,206 per sq.ft, a remarkable 235% increase from 2007. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 64% increase from 2017.

It is important to note that there are no figures available for the revisions in 2012 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 976%.

Guideline values in Pammal

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

• Thandai Periyar 2nd Cross Street /Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thandai Periyar 1st 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 3rd 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, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that 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 Thandai Periyar 3rd Cross Street /Sholavaram Nagar?

The Thandai Periyar 3rd Cross Street /Sholavaram Nagar is covered by 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 crucial factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in assessing the minimum value on which stamp duty is calculated. This ensures that the transaction is registered at a value that reflects the current market conditions, providing transparency in property dealings.

Frequently asked questions

What is the current guideline value for Thandai Periyar 3rd Cross Street /Sholavaram Nagar?

The current guideline value for Thandai Periyar 3rd Cross Street /Sholavaram Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2002?

Since 2002, the guideline value has increased by 976%, rising from Rs 184 per sq.ft to Rs 1,980 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Thandai Periyar 3rd Cross Street /Sholavaram Nagar in 2017 was Rs 1,206 per sq.ft.

Which Sub Registrar Office do I need to visit for transactions in Thandai Periyar 3rd Cross Street?

The Pammal Sub Registrar Office covers transactions for Thandai Periyar 3rd Cross Street /Sholavaram Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty in Pammal is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is charged at 2% of the guideline value or sale price.