Guideline Value for Thandai Periyar Street

Thandai Periyar Street guideline value

The current guideline value of Thandai Periyar 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 Street has changed

The guideline value for Thandai Periyar Street has seen significant changes over the years. In 2003, the guideline value was Rs 198 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 52% rise. By 2017, it had jumped to Rs 1,206 per sq.ft, reflecting a substantial increase of 302%. 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% increase 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 900%.

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 is Rs 1,980 per sq.ft, making Thandai Periyar Street's 2024 figure equal to this median.

• Thandai Periyar Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Thandai Periyar Nagar 1st 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 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, bringing the total to 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?

The Sub Registrar Office that covers Thandai Periyar Street 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 Anakaputhur

The guideline value is a crucial factor in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thandai Periyar Street?

The current guideline value of Thandai Periyar 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 changed significantly, increasing from Rs 198 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, which is a total increase of 900% over the years.

What are the stamp duty and registration fees for properties in Thandai Periyar Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 19,80,000, the total fees would amount to Rs 1,78,200.

Which office handles the registration of properties in Thandai Periyar Street?

The Pammal Sub Registrar Office handles the registration of properties in Thandai Periyar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Thandai Periyar Street?

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