Guideline Value for Thulasingam Street, Samundeswari Nagar

Thulasingam Street, Samundeswari Nagar guideline value

The current guideline value of Thulasingam Street, Samundeswari Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Thulasingam Street, Samundeswari Nagar has changed

The guideline value for Thulasingam Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village features a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, indicating that Thulasingam Street's 2024 figure is below this median.

• Thomas Raj Street, Moovendhar Nagar: Rs 1,980 per sq.ft (2024)
• Tholkappier Street, Pammal: Rs 1,980 per sq.ft (2024)
• T.L. Raghupathy Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Tholkapiyar Street / Gokulam Colony: Rs 2,750 per sq.ft (2024)
• T.R.Mani Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Thiru.Ve.Ka. Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Thulasingam Street, Samundeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, together totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thulasingam Street, Samundeswari Nagar?

The Sub Registrar Office that covers Thulasingam Street, Samundeswari 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 when registering property transactions in Pammal. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are necessary for completing the transaction legally. This ensures that both parties are aware of the financial obligations involved in the sale or purchase.

Frequently asked questions

What is the current guideline value of Thulasingam Street?

The current guideline value of Thulasingam Street, Samundeswari Nagar 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 changed from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64% over the years.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft, which indicates that Thulasingam Street's current value is below this median.

What fees are associated with property transactions in Thulasingam Street?

When registering property in Thulasingam Street, buyers should be aware of the stamp duty at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thulasingam Street?

The Sub Registrar Office for Thulasingam Street, Samundeswari Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the relevant link.