Guideline Value for Thideer Nagar

Thideer Nagar guideline value

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

How the guideline value of Thideer Nagar has changed

The guideline value register for Thideer Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 1,980 per sq.ft.

Since the 2024 revision is the only figure currently available, there have been no changes between revisions for this street. The absence of figures in earlier revisions indicates that the guideline value for Thideer Nagar has remained consistent in the recent updates.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value 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 of Thideer Nagar is below this median.

• Thideer Nagar, 1st Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 2nd Street: Rs 1,980 per sq.ft (2024)
• Thideer Nagar, 3rd Street: Rs 1,980 per sq.ft (2024)
• Theruveethiamman Koil 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)

Stamp duty and registration fee for property in Thideer Nagar

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, bringing the total fees to Rs 1,78,200. 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 Thideer Nagar?

The Sub Registrar Office that covers Thideer Nagar 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 critical factor during the registration of property transactions in Pammal. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thideer Nagar?

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

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Thideer Nagar. The only current figure is from the 2024 revision, which is Rs 1,980 per sq.ft.

What is the land classification of Thideer Nagar?

Thideer Nagar is classified as Residential Class II Type - II. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty rates in Thideer Nagar?

The stamp duty rate in Thideer Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. This means that buyers should be prepared for these additional costs when purchasing property.

Where is the Pammal Sub Registrar Office located?

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