Guideline Value for Thandu Mariamman Koil Street

Thandu Mariamman Koil Street guideline value

The current guideline value for Thandu Mariamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Thandu Mariamman Koil Street has changed

The guideline value for Thandu Mariamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 294 per sq.ft. This value increased significantly to Rs 810 per sq.ft in 2007, marking a change of +176%. The next revision in 2017 saw the value rise to Rs 1,340 per sq.ft, reflecting a +65% increase. By 2023, the guideline value reached Rs 2,000 per sq.ft, which was a +49% change from the previous revision. The current revision in 2024 has set the value at Rs 2,200 per sq.ft, representing a +10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +648%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which means that Thandu Mariamman Koil Street's 2024 figure is below this median.

• Thanigai Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Temple Town: Rs 1,980 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 2,420 per sq.ft (2024)
• Tagore Street: Rs 2,200 per sq.ft (2024)
• Theradi Street: Rs 2,200 per sq.ft (2024)
• Thirumalai Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thandu Mariamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Thandu Mariamman Koil Street?

The Sub Registrar Office that covers Thandu Mariamman Koil Street 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 Thiruneermalai

The guideline value is a crucial factor in the property registration process in Thiruneermalai. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from transactions.

When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Thandu Mariamman Koil Street?

The current guideline value of Thandu Mariamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 294 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, representing an overall increase of +648% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Thandu Mariamman Koil Street?

The Pammal Sub Registrar Office handles registrations for Thandu Mariamman Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Thandu Mariamman Koil Street?

The land classification for Thandu Mariamman Koil Street is Residential Class I Type - II, indicating its suitability for residential development.