Guideline Value for Vasu Street / Thandai Periyar Nagar

Vasu Street / Thandai Periyar Nagar guideline value

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

How the guideline value of Vasu Street / Thandai Periyar Nagar has changed

The guideline value for Vasu Street / Thandai Periyar Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. By 2007, the value reached Rs 360 per sq.ft, reflecting a 38% increase from the previous revision. However, the 2012 and 2017 revisions have no figures recorded for this street.

From 2007 to 2023, the guideline value surged to Rs 1,800 per sq.ft, a remarkable 400% increase. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 761%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Vasu Street / Thandai Periyar Nagar's current value below this median.

• Vasuki Ammaiyar Street / Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Vasudevan Street/ Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Vedagiri Mudaliyar Street: Rs 1,980 per sq.ft (2024)
• Vedhagiri Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Veeramamunivar Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Veeramani Street / Thriuvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Vasu Street / Thandai Periyar 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, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vasu Street / Thandai Periyar Nagar?

The Sub Registrar Office that covers Vasu Street / Thandai Periyar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial reference point during property transactions in Pammal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties involved in the transaction. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Vasu Street / Thandai Periyar Nagar?

The current guideline value of Vasu Street / Thandai Periyar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 230 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 761% over the years.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Vasu Street / Thandai Periyar Nagar.

What are the stamp duty and registration fees for property in Vasu Street / Thandai Periyar Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,78,200.

Which office handles the registration for Vasu Street / Thandai Periyar Nagar?

The Pammal Sub Registrar Office handles the registration for Vasu Street / Thandai Periyar Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.