Guideline Value for Thiruneermalai Main Road, Thiru Nagar

Thiruneermalai Main Road, Thiru Nagar guideline value

The current guideline value of Thiruneermalai Main Road, Thiru Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Thiruneermalai Main Road, Thiru Nagar has changed

The guideline value for Thiruneermalai Main Road, Thiru Nagar has undergone several revisions. The earliest recorded revision was in 2017, setting the value at Rs 2,010 per sq.ft. This figure saw a significant increase to Rs 3,000 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 further increased the guideline value to Rs 3,300 per sq.ft, which is 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 there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing the Thiruneermalai Main Road, Thiru Nagar guideline value above this median.

• Thiruneermalai Main Road, Nagelkeni: Rs 3,300 per sq.ft (2024)
• Thiruneermalai Main Road, Moovendhar Nagar: Rs 2,200 per sq.ft (2024)
• Thiruneermalai Salai/LIC Colony Part: Rs 2,530 per sq.ft (2024)
• Thiruneermalai Salai / Nagalkeni: Rs 3,300 per sq.ft (2024)
• Thirupoor Kumaran Street, Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Thirumurugan Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruneermalai Main Road, Thiru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, amounts to Rs 2,31,000, while the registration fee at 2% is Rs 66,000. The total cost for these fees together would be Rs 2,97,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruneermalai Main Road, Thiru Nagar?

The Thiruneermalai Main Road, Thiru Nagar is covered by 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 details.

How the guideline value is used when you buy or sell in Pammal

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This system helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Thiruneermalai Main Road, Thiru Nagar?

The current guideline value of Thiruneermalai Main Road, Thiru Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty rate for properties in Thiruneermalai Main Road, Thiru Nagar?

The stamp duty for properties in Thiruneermalai Main Road, Thiru Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

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.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft, with the Thiruneermalai Main Road, Thiru Nagar value being above this median.