Guideline Value for Thangaran Street, Cholavaram Nagar

Thangaran Street, Cholavaram Nagar guideline value

The current guideline value of Thangaran Street, Cholavaram Nagar is Rs 1,980 per sq.ft. This property is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thangaran Street, Cholavaram Nagar has changed

The guideline value for Thangaran Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is an increase from the 2023 revision of Rs 1,800 per sq.ft, marking a change of +10%. Prior to the 2023 revision, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures for Thangaran Street are from the 2023 and 2024 revisions. The 2024 figure of Rs 1,980 per sq.ft reflects the latest update effective from 1 July 2024.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value among these streets is Rs 2,090 per sq.ft, placing Thangaran Street's 2024 figure below the median.

• Thangaraj Street / Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thangavasanammal Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Thangavel Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Thangayya Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Thanthai Periyar Street, Dr.Ambedhar Nagar: 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 Thangaran Street, Cholavaram 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, bringing the total fees to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangaran Street, Cholavaram Nagar?

The Sub Registrar Office covering Thangaran Street, Cholavaram 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 plays a crucial role during the registration process of property transactions in Pammal. It is used to determine the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thangaran Street, Cholavaram Nagar?

The current guideline value of Thangaran Street, Cholavaram Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, representing a change of +10%.

What is the land classification for Thangaran Street?

Thangaran Street is classified as Residential Class II Type - II, which is relevant for determining its guideline value.

What other streets have the same guideline value in Pammal?

Other streets in Pammal that share the same guideline value of Rs 1,980 per sq.ft in 2024 include Thangaraj Street / Sholavaram Nagar, Thangavasanammal Street / Pasumpon Nagar, and Thanthai Periyar Street, Dr.Ambedhar Nagar.

Where can I find the registration office for Thangaran Street?

The registration office for Thangaran Street, Cholavaram Nagar is the Pammal Sub Registrar Office, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.