Guideline Value for Tholar Stalin Nagar

Tholar Stalin Nagar guideline value

The current guideline value of Tholar Stalin Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Tholar Stalin Nagar has changed

The guideline value for Tholar Stalin Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 156 per sq.ft. This figure increased to Rs 210 per sq.ft in 2007, marking a change of +35%. The value then surged to Rs 1,407 per sq.ft in 2017, reflecting a substantial increase of +570%. Following this, the 2023 revision set the value at Rs 2,099 per sq.ft, which was a rise of +49% from the previous revision. The most recent revision in 2024 brought the guideline value to Rs 2,350 per sq.ft, indicating an increase of +12% from 2023.

Overall, from 2003 to 2024, the guideline value has increased by +1,406%. It is important to note that there are no figures available for the years 2002 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. The median value for these streets is Rs 1,980 per sq.ft, and Tholar Stalin Nagar's 2024 figure is above this median.

• Thomaiyar Street: Rs 1,760 per sq.ft (2024)
• Thriuvalluvar IIIrd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar IInd Cross Street: Rs 1,320 per sq.ft (2024)
• Thriuvalluvar Ist Cross Street: Rs 1,320 per sq.ft (2024)
• Thiru.Ve.Ka.Street Lane: Rs 1,760 per sq.ft (2024)
• Thiru.Ve.Ka. Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Tholar Stalin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, leading to a total of Rs 2,11,500 for both fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Tholar Stalin Nagar?

The Sub Registrar Office that covers Tholar Stalin Nagar 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tholar Stalin Nagar?

The current guideline value of Tholar Stalin Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase of +1,406% from Rs 156 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024.

What are the registration fees for property in Tholar Stalin Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Tholar Stalin Nagar?

The Pammal Sub Registrar Office handles registrations for Tholar Stalin Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Tholar Stalin Nagar's value being above this median at Rs 2,350 per sq.ft.