Guideline Value for Thideer Nagar, 2nd Street

Thideer Nagar, 2nd Street guideline value

The current guideline value of Thideer Nagar, 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Thideer Nagar, 2nd Street has changed

According to the register, there are no figures available for Thideer Nagar, 2nd Street for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for this street was Rs 1,800 per sq.ft in the 2023 revision, which increased by 10% to Rs 1,980 per sq.ft in the 2024 revision.

This change reflects a consistent update in the guideline values for properties in the area. The current value is now aligned with other streets in Thideer Nagar, which also have a guideline value of Rs 1,980 per sq.ft for 2024.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, placing Thideer Nagar, 2nd Street's 2024 figure below this median.

• Thideer Nagar, 1st Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 3rd Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 4th Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 5th Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar Main Road, Thideer Nagar: Rs 1,980 per sq.ft (2024)
• Thideer Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thideer Nagar, 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thideer Nagar, 2nd Street?

The Sub Registrar Office that covers Thideer Nagar, 2nd Street 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 is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government register.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Thideer Nagar, 2nd Street?

The current guideline value of Thideer Nagar, 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Thideer Nagar, 2nd Street was Rs 1,800 per sq.ft in 2023, which increased by 10% to Rs 1,980 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Thideer Nagar, 2nd Street?

Thideer Nagar, 2nd Street is classified as Residential Class II Type - II. This classification is important for understanding the permitted uses of the property.

Where can I find the registration office for properties in Thideer Nagar?

The registration office for properties in Thideer Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Thideer Nagar?

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