Guideline Value for Thomas Street

Thomas Street guideline value

The current guideline value of Thomas Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Thomas Street has changed

The guideline value for Thomas Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is an increase from Rs 1,000 per sq.ft in 2023, marking a 10% rise. Prior to that, the value was Rs 670 per sq.ft in 2017, reflecting a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the revisions that occurred during those years do not have recorded values.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Thomas Street's 2024 guideline value below the median.

• Thiru.Vi.Ka. Street: Rs 1,100 per sq.ft (2024)
• Thuya Pethuru Street: Rs 1,100 per sq.ft (2024)
• T.T.K.Nagar: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 1,100 per sq.ft (2024)
• Udhaya Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thomas Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 details.

Which Sub Registrar Office covers Thomas Street?

The Sub Registrar Office that covers Thomas 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 Pozhichalur

The guideline value is an important factor when registering property transactions in Pozhichalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thomas Street?

The current guideline value of Thomas Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

What are the stamp duty rates applicable in Thomas Street?

The stamp duty rate applicable in Thomas Street is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

Which office handles registrations for Thomas Street?

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

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, making the guideline value for Thomas Street below this median at Rs 1,100 per sq.ft.