Guideline Value for Thiru Nagar 2nd Street

Thiru Nagar 2nd Street guideline value

The current guideline value of Thiru Nagar 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Thiru Nagar 2nd Street has changed

The guideline value for Thiru Nagar 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,600 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,072 per sq.ft, marking a substantial increase of 49% to the 2023 figure. The overall change from the 2017 revision to the current 2024 revision reflects a total increase of 64%.

It is important to note that there are no recorded guideline values for Thiru Nagar 2nd Street for the years 2002, 2003, 2007, and 2012. The absence of figures from these years means that the first available guideline value for this street is from the 2017 revision.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for the village is Rs 1,980 per sq.ft, indicating that Thiru Nagar 2nd Street's 2024 figure is below this median.

• Thiru Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Ambetkar Street: Rs 2,350 per sq.ft (2024)
• Thiru Nagar Ist Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Kalingar Cross Street: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total charges to Rs 1,58,400. 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 Thiru Nagar 2nd Street?

The Sub Registrar Office that covers Thiru 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 Anakaputhur

The guideline value plays a crucial role during the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transaction values are in line with the official figures set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Thiru Nagar 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% to the current rate of Rs 1,760 per sq.ft. The most recent change was a 10% increase from the 2023 rate of Rs 1,600 per sq.ft.

What is the land classification for Thiru Nagar 2nd Street?

Thiru Nagar 2nd Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

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

How is the stamp duty calculated for properties in Thiru Nagar 2nd Street?

Stamp duty for properties in Thiru Nagar 2nd Street is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the same value.