Guideline Value for Tholkappier Street, Pammal

Tholkappier Street, Pammal guideline value

The current guideline value of Tholkappier Street, Pammal is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal Sub Registrar Office (SRO), classified as Residential Class II Type - II.

How the guideline value of Tholkappier Street, Pammal has changed

The guideline value for Tholkappier Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the value further to Rs 1,980 per sq.ft, marking a significant increase of 64% from the 2017 figure. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value increased by 10%, while the change from 2017 to 2023 was a notable 49%. This reflects the overall changes in the guideline value for Tholkappier Street, Pammal over the years.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value across these streets is Rs 2,090 per sq.ft, placing Tholkappier Street's 2024 figure below this median.

• Tholkapiyar Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• Thomas Raj Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Thulasingam Street, Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Thiru.Ve.Ka. Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• T.L. Raghupathy Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street / VOC Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Tholkappier Street, Pammal

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tholkappier Street, Pammal?

The Sub Registrar Office that covers Tholkappier 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 Pammal

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Tholkappier Street, Pammal?

The current guideline value of Tholkappier Street, Pammal is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is a total increase of 64% over the seven years.

What are the stamp duty and registration fees for properties in Tholkappier Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration for Tholkappier Street?

The Pammal Sub Registrar Office handles the registration for Tholkappier Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Can I find other guideline values in Pammal?

Yes, there are 926 streets in Pammal under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. You can find more details about other streets in the area.