Guideline Value for Thuya Pethuru Street

Thuya Pethuru Street guideline value

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

How the guideline value of Thuya Pethuru Street has changed

The guideline value for Thuya Pethuru Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry 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, indicating that the 2024 guideline value for Thuya Pethuru Street is below this median.

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

Stamp duty and registration fee for property in Thuya Pethuru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these 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 detailed calculations.

Which Sub Registrar Office covers Thuya Pethuru Street?

Thuya Pethuru Street falls under the jurisdiction of 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 a critical factor in the registration process for property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property, which can influence negotiations and final sale prices. Buyers should be aware that the guideline value may differ from the agreed sale price, but the higher amount will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Thuya Pethuru Street?

The current guideline value of Thuya Pethuru Street is Rs 1,100 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 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, which is an overall increase of 64% over these years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 99,000.

Which office handles property registrations in Pozhichalur?

The Pammal Sub Registrar Office handles property registrations for Thuya Pethuru Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property, influencing the stamp duty and registration fees. It ensures that properties are registered at a fair value, which is essential for legal and financial transactions.