Guideline Value for Thomas Raj Street, Moovendhar Nagar

Thomas Raj Street, Moovendhar Nagar guideline value

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

How the guideline value of Thomas Raj Street, Moovendhar Nagar has changed

The guideline value for Thomas Raj Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. In 2023, the value increased to Rs 1,800 per sq.ft, marking a significant rise of 49% from the previous revision. The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from 2023. The overall change from 2017 to 2024 shows a total increase of 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 Pammal

In Pammal, there are 926 streets under the Pammal SRO that have a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, which indicates that Thomas Raj Street's 2024 figure is below this median.

• Tholkappier Street, Pammal: Rs 1,980 per sq.ft (2024)
• Tholkapiyar Street / Gokulam Colony: Rs 2,750 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 Thomas Raj Street, Moovendhar Nagar

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, charged at 7%, would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for these fees would be Rs 1,78,200. It is important to note that 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 details.

Which Sub Registrar Office covers Thomas Raj Street, Moovendhar Nagar?

The Sub Registrar Office that covers Thomas Raj Street, Moovendhar 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 information.

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

The guideline value is a crucial factor in property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Thomas Raj Street?

The current guideline value of Thomas Raj Street, Moovendhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 64%.

What is the median guideline value in Pammal?

The median guideline value for the 926 streets in Pammal is Rs 2,090 per sq.ft, indicating that Thomas Raj Street's value is below this median.

What fees are associated with buying property on Thomas Raj Street?

When buying property on Thomas Raj Street, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,78,200.

Where is the Sub Registrar Office for Thomas Raj Street located?

The Sub Registrar Office covering Thomas Raj Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.