Guideline Value for Thiru Nagar Ist Street

Thiru Nagar Ist Street guideline value

The current guideline value of Thiru Nagar Ist 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 Ist Street has changed

The guideline value for Thiru Nagar Ist Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the value further to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating a lack of recorded values during those years.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with 2024 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 Ist Street's 2024 value below this median.

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

Stamp duty and registration fee for property in Thiru Nagar Ist 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 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.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thiru Nagar Ist Street?

The Sub Registrar Office that covers Thiru Nagar Ist 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 price at which a property can be sold or bought, ensuring transparency in the transaction process.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thiru Nagar Ist Street?

The current guideline value of Thiru Nagar Ist 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 an overall increase of 64% from 2017 to 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 17,60,000. The stamp duty is Rs 1,23,200, and the registration fee is Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office covers Thiru Nagar Ist Street?

The Pammal Sub Registrar Office covers Thiru Nagar Ist Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used as a benchmark for property transactions, determining the minimum price for buying or selling a property. It also influences the calculation of stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.