Guideline Value for Thangavel Street / Gandhi Nagar

Thangavel Street / Gandhi Nagar guideline value

The current guideline value of Thangavel Street / Gandhi Nagar is Rs 2,475 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 I Type - II.

How the guideline value of Thangavel Street / Gandhi Nagar has changed

The guideline value for Thangavel Street / Gandhi Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 188 per sq.ft, which increased to Rs 213 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose to Rs 360 per sq.ft, reflecting a +69% increase from the previous revision. The next revision in 2023 set the value at Rs 2,250 per sq.ft, which was a substantial increase of +525% from the 2007 figure. The current guideline value of Rs 2,475 per sq.ft, effective from 2024, represents a +10% increase from 2023.

It is important to note that the register has no figures for the years 2012 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by +1,216%.

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 guideline value for these streets is Rs 2,090 per sq.ft, placing Thangavel Street / Gandhi Nagar above this median.

• Thangayya Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Thangavasanammal Street / Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Thangaran Street, Cholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thangaraj Street / Sholavaram Nagar: Rs 1,980 per sq.ft (2024)
• Thanthai Periyar Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Thayagarajan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thangavel Street / Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total costs together to Rs 2,22,750. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thangavel Street / Gandhi Nagar?

The Sub Registrar Office that covers Thangavel Street / Gandhi 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 more information.

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

The guideline value plays a crucial role during property transactions in Pammal. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that the transaction is recorded accurately and complies with local regulations.

In addition, the guideline value serves as a benchmark for property transactions within the area. Buyers and sellers can refer to this value to understand the expected costs associated with property registration, ensuring transparency in the process.

Frequently asked questions

What is the current guideline value of Thangavel Street / Gandhi Nagar?

The current guideline value of Thangavel Street / Gandhi Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 188 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, reflecting an overall increase of +1,216% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at the current guideline value of Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Which office should I visit for registration in Pammal?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, is responsible for property registration in this area.

Are there other streets in Pammal with different guideline values?

Yes, there are several other streets in Pammal with varying guideline values, ranging from Rs 880 to Rs 3,300 per sq.ft. Thangavel Street / Gandhi Nagar is above the median value of Rs 2,090 per sq.ft.