Guideline Value for Thandai Periyar Street /Muthamazhi Nagar

Thandai Periyar Street /Muthamazhi Nagar guideline value

The current guideline value of Thandai Periyar Street /Muthamazhi 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 Street /Muthamazhi Nagar has changed

The guideline value for Thandai Periyar Street /Muthamazhi Nagar has seen significant changes over the years. In the 2002 revision, the value was Rs 242 per sq.ft, which increased to Rs 274 per sq.ft in 2003, marking a 13% rise. The value continued to rise to Rs 360 per sq.ft in 2007, a 31% increase from the previous revision. By 2017, the guideline value reached Rs 1,206 per sq.ft, reflecting a substantial 235% increase from 2007. The value then rose to Rs 1,800 per sq.ft in 2023, a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from 2023. It is important to note that the register has no figure for this street in the 2012 revision.

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 as per the 2024 revision. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Thandai Periyar Street /Muthamazhi Nagar's 2024 value below this median.

• Thandai Periyar Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Thandai Periyar Street / Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Street /Anna Nagar: Rs 2,750 per sq.ft (2024)
• Thandai Periyar Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Thandai Periyar Nagar (All Streets): Rs 1,980 per sq.ft (2024)
• Thandayar Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Thandai Periyar Street /Muthamazhi 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, making the total charges Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Thandai Periyar Street /Muthamazhi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 during property transactions in Pammal. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware that the guideline value is set by the government and reflects the minimum value for property transactions in the area.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair price, preventing undervaluation. This value is essential for both buyers and sellers to understand their financial obligations in the registration process.

Frequently asked questions

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

The current guideline value of Thandai Periyar Street /Muthamazhi 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 changed significantly, from Rs 242 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 718% over the years.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, which is higher than the current guideline value of Thandai Periyar Street /Muthamazhi Nagar.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Thandai Periyar Street /Muthamazhi Nagar located?

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