Guideline Value for Thandai Periyar Nagar 1st Street

Thandai Periyar Nagar 1st Street guideline value

The current guideline value of Thandai Periyar Nagar 1st Street is Rs 1,980 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thandai Periyar Nagar 1st Street has changed

The guideline value for Thandai Periyar Nagar 1st Street has seen significant changes over the years. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 425 per sq.ft in 2007. This marked a substantial rise of 97%. By 2017, the value further escalated to Rs 1,206 per sq.ft, reflecting an increase of 184%. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from the previous revision. The current guideline value, effective from 1 July 2024, is Rs 1,980 per sq.ft, which is a 10% rise from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 817%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value among these streets is Rs 1,980 per sq.ft, which is equal to the 2024 guideline value of Thandai Periyar Nagar 1st Street.

• Thandai Periyar Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Street: Rs 1,980 per sq.ft (2024)
• Theradi Street: Rs 1,760 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,760 per sq.ft (2024)
• Thirumalai Nagar IInd Street: Rs 1,760 per sq.ft (2024)
• Thirumalai Nagar Ist Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thandai Periyar Nagar 1st Street

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, and the registration fee at 2% would be Rs 39,600, totaling 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 details.

Which Sub Registrar Office covers Thandai Periyar Nagar 1st Street?

The Thandai Periyar Nagar 1st Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Anakaputhur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell a property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings, as it reflects the prevailing market conditions and property values in the area.

Frequently asked questions

What is the current guideline value of Thandai Periyar Nagar 1st Street?

The current guideline value of Thandai Periyar Nagar 1st Street 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 from Rs 216 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 817% over the years.

What is the registration office for Thandai Periyar Nagar 1st Street?

The registration office covering Thandai Periyar Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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, totaling Rs 1,78,200.

What is the land classification of Thandai Periyar Nagar 1st Street?

Thandai Periyar Nagar 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential development.