Guideline Value for Thiru Nagar 4th Street

Thiru Nagar 4th Street guideline value

The current guideline value of Thiru Nagar 4th Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Thiru Nagar 4th Street has changed

The guideline value for Thiru Nagar 4th Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Thiru Nagar 4th Street's value below this median.

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

Stamp duty and registration fee for property in Thiru Nagar 4th 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 fees to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Nagar 4th Street?

The Sub Registrar Office that covers Thiru Nagar 4th 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 is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Thiru Nagar 4th Street?

The current guideline value of Thiru Nagar 4th Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and now to Rs 1,760 per sq.ft in 2024. This represents a 64% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in Thiru Nagar 4th Street?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registration for Thiru Nagar 4th Street?

The Pammal Sub Registrar Office is responsible for property registration for Thiru Nagar 4th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Thiru Nagar 4th Street?

Thiru Nagar 4th Street is classified as Residential Class II Type - I, which indicates its designation for residential purposes within the locality.