Guideline Value for Thanthai Periyar Street, Dr.Ambedhar Nagar

Thanthai Periyar Street, Dr.Ambedhar Nagar guideline value

The current guideline value of Thanthai Periyar Street, Dr.Ambedhar Nagar is Rs 1,980 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 II Type - II.

How the guideline value of Thanthai Periyar Street, Dr.Ambedhar Nagar has changed

The guideline value for Thanthai Periyar Street has seen a revision from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, marking a 10% increase. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for this street in the previous revisions. The only available figures are from the 2023 and 2024 revisions, indicating a recent upward adjustment in the guideline value.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Thanthai Periyar Street is below this median.

• Thangayya Street / Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• 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)
• Thayagarajan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Thanthai Periyar Street, Dr.Ambedhar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the 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, totaling Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thanthai Periyar Street, Dr.Ambedhar Nagar?

The Sub Registrar Office that covers Thanthai Periyar Street, Dr.Ambedhar 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 additional information.

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

The guideline value is a critical factor in the registration process for property transactions in Pammal. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Thanthai Periyar Street, Dr.Ambedhar Nagar?

The current guideline value of Thanthai Periyar Street, Dr.Ambedhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Thanthai Periyar Street?

Thanthai Periyar Street is classified as Residential Class II Type - II. This classification is important for determining the appropriate uses and regulations for properties in this area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Thanthai Periyar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property with a guideline value of Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.