Guideline Value for Tholkappiar Street

Tholkappiar Street guideline value

The current guideline value of Tholkappiar Street, located in Periyapanancheri village under the Pammal SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Tholkappiar Street has changed

The guideline value for Tholkappiar Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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 Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median value among these streets is Rs 1,320 per sq.ft, positioning Tholkappiar Street's 2024 guideline value above this median.

• Vallieshvaran Koil Street: Rs 2,200 per sq.ft (2024)
• Sree Ambal Nagar: Rs 1,650 per sq.ft (2024)
• Rukmani Street: Rs 1,320 per sq.ft (2024)
• Ram Nagar: Rs 1,320 per sq.ft (2024)
• Purushothaman Nagar Phase II: Rs 1,650 per sq.ft (2024)
• Purushothaman Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Tholkappiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 more precise calculations.

Which Sub Registrar Office covers Tholkappiar Street?

The Sub Registrar Office that covers Tholkappiar 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 Periyapanancheri

The guideline value is a critical factor when buying or selling property in Periyapanancheri. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Tholkappiar Street?

The current guideline value of Tholkappiar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for a property in Tholkappiar Street?

For a 1,000 sq.ft property, the total guideline value is Rs 16,50,000, resulting in a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Tholkappiar Street?

The Pammal Sub Registrar Office handles property registrations for Tholkappiar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets in Periyapanancheri with different guideline values?

Yes, there are 33 streets in Periyapanancheri with varying guideline values, ranging from Rs 990 to Rs 4,925 per sq.ft, with Tholkappiar Street's value being Rs 1,650 per sq.ft, which is above the median of Rs 1,320 per sq.ft.