Guideline Value for Thangayya Street / Ganapathy Nagar

Thangayya Street / Ganapathy Nagar guideline value

The current guideline value of Thangayya Street / Ganapathy Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO) and falls under the Residential Class III Type - II land classification.

How the guideline value of Thangayya Street / Ganapathy Nagar has changed

The guideline value for Thangayya Street / Ganapathy Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 171 per sq.ft, which increased to Rs 194 per sq.ft in 2003, marking a 13% rise. By 2007, the value further increased to Rs 260 per sq.ft, reflecting a 34% change from the previous revision. There are no figures available for the years 2012 and 2017.

In 2023, the guideline value was revised to Rs 1,600 per sq.ft, which was a substantial increase of 515% from the 2007 figure. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 929%.

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 of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Thangayya Street / Ganapathy Nagar's 2024 figure below the median.

• Thangavel Street / Gandhi Nagar: Rs 2,475 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 Thangayya Street / Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangayya Street / Ganapathy Nagar?

The Thangayya Street / Ganapathy Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor in the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is crucial to consider this value during negotiations and when preparing documentation for registration to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thangayya Street / Ganapathy Nagar?

The current guideline value of Thangayya Street / Ganapathy Nagar is Rs 1,760 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 171 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 929%.

What are the other streets in Pammal and their guideline values?

Other streets in Pammal include Thangavel Street / Gandhi Nagar at Rs 2,475 per sq.ft, Thangavasanammal Street / Pasumpon Nagar at Rs 1,980 per sq.ft, and several others, all listed with their respective guideline values.

What fees are associated with property transactions in Thangayya Street / Ganapathy Nagar?

When registering property, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,58,400 based on the current guideline value.

Which Sub Registrar Office covers the area of Thangayya Street / Ganapathy Nagar?

The Pammal Sub Registrar Office covers Thangayya Street / Ganapathy Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.