Guideline Value for Thennandhoppu 2nd Street

Thennandhoppu 2nd Street guideline value

The current guideline value of Thennandhoppu 2nd Street is Rs 3,300 per sq.ft. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Thennandhoppu 2nd Street has changed

The guideline value for Thennandhoppu 2nd Street has seen several revisions over the years. Starting from Rs 218 per sq.ft in 2003, it increased to Rs 600 per sq.ft in 2007, which marked a significant rise of 175%. By 2012, the value reached Rs 3,000 per sq.ft, reflecting a remarkable increase of 400% from the previous revision. However, it then decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value increased substantially to Rs 3,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. The register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 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 for these streets is Rs 3,300 per sq.ft, which is equal to the current value of Thennandhoppu 2nd Street.

• Thennandhoppu 1st 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 2nd 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 cost for these fees to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thennandhoppu 2nd Street?

The Sub Registrar Office that covers Thennandhoppu 2nd 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 is an important factor when registering property transactions in Zaminpallavaram. 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 duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thennandhoppu 2nd Street?

The current guideline value of Thennandhoppu 2nd Street is Rs 3,300 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 218 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 1414% over the years.

Which Sub Registrar Office is responsible for Thennandhoppu 2nd Street?

The Pallavaram Sub Registrar Office is responsible for Thennandhoppu 2nd Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What factors determine the stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. The rates are set at 7% for stamp duty and 2% for registration fees.

What is the land classification for Thennandhoppu 2nd Street?

Thennandhoppu 2nd Street falls under the Residential Class I Type - II land classification in Zaminpallavaram.