Guideline Value for Thandai Periyar Street /Anna Nagar

Thandai Periyar Street /Anna Nagar guideline value

The current guideline value of Thandai Periyar Street /Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Thandai Periyar Street /Anna Nagar has changed

The guideline value for Thandai Periyar Street /Anna Nagar has seen significant changes over the years. In 2002, the value was Rs 228 per sq.ft, which increased to Rs 258 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 360 per sq.ft in 2007, showing a 40% increase from the previous revision. By 2017, the guideline value surged to Rs 1,675 per sq.ft, reflecting a remarkable 365% increase. The next revision in 2023 set the value at Rs 2,500 per sq.ft, which was a 49% increase from 2017. The most recent revision in 2024 has raised the guideline value to Rs 2,750 per sq.ft, a 10% increase from 2023. It is important to note that there is no figure available for this street in the 2012 revision.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with the 2024 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 Thandai Periyar Street /Anna Nagar above this median.

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

Stamp duty and registration fee for property in Thandai Periyar Street /Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 information.

Which Sub Registrar Office covers Thandai Periyar Street /Anna Nagar?

The Sub Registrar Office that covers Thandai Periyar Street /Anna 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

Additionally, the guideline value helps in assessing the market position of properties within the area. Buyers and sellers can refer to these values to understand the price range of properties in Pammal, facilitating informed decision-making during transactions.

Frequently asked questions

What is the current guideline value of Thandai Periyar Street /Anna Nagar?

The current guideline value of Thandai Periyar Street /Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1106%.

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

The stamp duty rate for properties in Thandai Periyar Street /Anna Nagar is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Thandai Periyar Street /Anna Nagar?

The Sub Registrar Office for Thandai Periyar Street /Anna Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.

What is the median guideline value in Pammal village?

The median guideline value in Pammal village is Rs 2,090 per sq.ft, with Thandai Periyar Street /Anna Nagar's current value being above this median.