Guideline Value for Thennandhoppu 1st Street

Thennandhoppu 1st Street guideline value

The current guideline value of Thennandhoppu 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Thennandhoppu 1st Street has changed

The guideline value for Thennandhoppu 1st Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 199 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a 202% rise. The value then jumped to Rs 3,000 per sq.ft in 2012, reflecting a 400% increase. However, it saw a decrease to Rs 2,010 per sq.ft in 2017, which was a 33% drop. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has been set at Rs 3,300 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 1558%. It is important to note that there is no figure available for this street in the 2002 revision.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for Thennandhoppu 1st Street.

• Thennandhoppu 2nd Street: Rs 3,300 per sq.ft (2024)
• Thennanthope 3 To 4 Streets: Rs 3,300 per sq.ft (2024)
• Thiripurasundari Colony: Rs 2,750 per sq.ft (2024)
• Thiruchandur Nagar: Rs 3,300 per sq.ft (2024)
• Telephone Exchange Qurs.: Rs 3,300 per sq.ft (2024)
• Thirumurugan Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Thennandhoppu 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thennandhoppu 1st Street?

The Sub Registrar Office covering Thennandhoppu 1st Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of this value as it affects the overall cost of property transfer.

When a property is sold, 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 Thennandhoppu 1st Street?

The current guideline value of Thennandhoppu 1st Street is Rs 3,300 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 199 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1558% over this period.

What is the land classification for Thennandhoppu 1st Street?

Thennandhoppu 1st Street is classified as Residential Class I Type - II.

What is the role of the Sub Registrar Office?

The Sub Registrar Office is responsible for the registration of property transactions, ensuring that the guideline value is applied correctly for calculating stamp duty and registration fees.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the higher of the guideline value or the sale price, while the registration fee is charged at 2%. You can use our stamp duty and registration fee calculator for precise calculations.