Guideline Value for Thomaiyar Street

Thomaiyar Street guideline value

The current guideline value of Thomaiyar Street in Anakaputhur village, under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Thomaiyar Street has changed

The guideline value for Thomaiyar Street has seen significant changes over the years. In 2003, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 39% rise. The 2017 revision set the value at Rs 1,072 per sq.ft, reflecting a 257% increase from 2007. By 2023, the value further increased to Rs 1,600 per sq.ft, a 49% rise from the previous revision. The latest revision in 2024 sees the guideline value at Rs 1,760 per sq.ft, which is a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for Thomaiyar Street. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with 2024 guideline values 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, placing Thomaiyar Street's 2024 figure below this median.

• Tholar Stalin Nagar: Rs 2,350 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)
• Thyagaraya Mudali Street: Rs 1,760 per sq.ft (2024)
• Thiru.Ve.Ka.Street Lane: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thomaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thomaiyar Street?

The Sub Registrar Office that covers Thomaiyar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Thomaiyar Street?

The current guideline value of Thomaiyar Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 715% over this period.

What is the registration fee for property in Thomaiyar Street?

The registration fee is calculated based on the guideline value. For a property valued at Rs 17,60,000, the registration fee would be Rs 35,200 at 2%.

Where is the Sub Registrar Office for Thomaiyar Street located?

The Sub Registrar Office for Thomaiyar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification of Thomaiyar Street?

Thomaiyar Street is classified as Residential Class II Type - I, indicating its designation for residential use.