Guideline Value for Thandai Periyar Nagar (All Streets)

Thandai Periyar Nagar (All Streets) guideline value

The current guideline value of Thandai Periyar Nagar (All Streets) is Rs 1,980 per sq.ft, effective from 1 July 2024. This area 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 Nagar (All Streets) has changed

The guideline value for Thandai Periyar Nagar has seen several revisions over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value then rose significantly to Rs 360 per sq.ft in 2007, reflecting a 38% increase. By 2017, the guideline value surged to Rs 1,206 per sq.ft, representing a remarkable 235% increase. The next revision in 2023 set the value at Rs 1,800 per sq.ft, a 49% increase from the previous figure. The most recent revision in 2024 has brought the value to Rs 1,980 per sq.ft, reflecting a 10% increase.

It is important to note that the register has no figure for the year 2012 for this street. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO with a 2024 guideline value 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, which means that the 2024 figure for Thandai Periyar Nagar is below this median.

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

Stamp duty and registration fee for property in Thandai Periyar Nagar (All Streets)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration fee would be Rs 1,78,200. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thandai Periyar Nagar (All Streets)?

The Sub Registrar Office that covers Thandai Periyar 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 the registration process for property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it influences the overall cost of the transaction. The registration office uses this value to calculate the applicable fees, which are mandatory for completing the registration process.

Frequently asked questions

What is the current guideline value of Thandai Periyar Nagar?

The current guideline value of Thandai Periyar Nagar (All Streets) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 761% over the years.

What is the stamp duty rate for properties in Thandai Periyar Nagar?

The stamp duty rate for properties in Thandai Periyar Nagar is 7%, which is calculated based on the higher of the guideline value or the sale price.

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.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Thandai Periyar Street /Anna Nagar at Rs 2,750 per sq.ft, Thandai Periyar 3rd Cross Street /Sholavaram Nagar at Rs 1,980 per sq.ft, and several others, with values ranging from Rs 1,980 to Rs 2,750 per sq.ft.