Guideline Value for Thiruneermalai Road Burial Ground

Thiruneermalai Road Burial Ground guideline value

The current guideline value for the Thiruneermalai Road Burial Ground is Rs 2,530 per sq.ft, effective from 1 July 2024. This burial ground is located in Anakaputhur village under the Pammal SRO and is classified as Commercial Class I Type - II.

How the guideline value of Thiruneermalai Road Burial Ground has changed

The guideline value for the Thiruneermalai Road Burial Ground has seen several revisions over the years. The oldest recorded revision was in 2017, where the guideline value was Rs 1,541 per sq.ft. This increased to Rs 2,300 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,530 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 there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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, with a median value of Rs 1,980 per sq.ft. The guideline value for Thiruneermalai Road Burial Ground is above this median.

• Thiruneermalai Road 2nd Street: Rs 2,530 per sq.ft (2024)
• Thiruneermalai Road Kaelmadu Street: Rs 2,530 per sq.ft (2024)
• Thiruneermalai Road 1st Street: Rs 2,530 per sq.ft (2024)
• Thiruneermalai road: Rs 2,530 per sq.ft (2024)
• Thiru Nagr Bharathidasan Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Ragavendra Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruneermalai Road Burial Ground

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Thiruneermalai Road Burial Ground?

The Thiruneermalai Road Burial Ground falls under the jurisdiction of 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 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 a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value for Thiruneermalai Road Burial Ground?

The current guideline value for the Thiruneermalai Road Burial Ground is Rs 2,530 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 1,541 per sq.ft to Rs 2,530 per sq.ft in 2024, representing a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles registrations for Thiruneermalai Road Burial Ground?

The Pammal Sub Registrar Office handles registrations for the Thiruneermalai Road Burial Ground, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used as a reference for the minimum registration value of properties. It ensures that the appropriate stamp duty and registration fees are collected based on the property's value at the time of the transaction.