Guideline Value for Achariayar Street

Achariayar Street guideline value

The current guideline value of Achariayar Street in Thirumangalam village, under the Sunguvarchattram SRO, is Rs 605 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class IV Type - I.

How the guideline value of Achariayar Street has changed

The guideline value for Achariayar Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 200 per sq.ft. This increased to Rs 405 per sq.ft in 2017, marking a significant rise of 103%. The value remained unchanged at Rs 605 per sq.ft during the 2023 revision and continues at the same rate for the 2024 revision, showing no percentage change between these two years.

From 2012 to 2024, the overall increase in the guideline value is 203%. The revisions from 2012 to 2017 and from 2017 to 2023 reflect substantial changes, but there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 250 to Rs 2,000 per sq.ft. The median guideline value is Rs 605 per sq.ft, which is equal to the 2024 figure for Achariayar Street.

• Arunthathiyar Colony: Rs 605 per sq.ft (2024)
• Bajanai Kovil First Street: Rs 605 per sq.ft (2024)
• Bajanai Kovil Second Street: Rs 605 per sq.ft (2024)
• Bangalore Main Road (Annai Velankanni Nagar Ist St To Kandigai Bus Stop): Rs 2,000 per sq.ft (2024)
• Bharathiyar IInd Street: Rs 300 per sq.ft (2024)
• Bharathiyar Ist Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Achariayar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, and the registration fee at 2% would be Rs 12,100, totaling Rs 54,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Achariayar Street?

The Sub Registrar Office that covers Achariayar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Thirumangalam. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure that they are paying the correct fees during the registration process.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two amounts is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Achariayar Street?

The current guideline value of Achariayar Street is Rs 605 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased by 203%, from Rs 200 per sq.ft in 2012 to Rs 605 per sq.ft in 2024.

Which Sub Registrar Office is responsible for Achariayar Street?

The Sunguvarchattram Sub Registrar Office is responsible for Achariayar Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Achariayar Street?

For a property valued at Rs 6,05,000, the stamp duty would be Rs 42,350, and the registration fee would be Rs 12,100, totaling Rs 54,450.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher value between the guideline value and the sale price is considered for calculating these fees.