Guideline Value for Angel Town

Angel Town guideline value

The current guideline value of Angel Town, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 450 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Angel Town has changed

The guideline value for Angel Town has undergone several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. In 2017, the value increased by 50% from the previous revision, reaching Rs 301 per sq.ft, but reverted to Rs 450 per sq.ft in 2012 and remained at that figure through to the 2024 revision.

From 2023 to 2024, there was no change, maintaining the guideline value at Rs 450 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Angel Town is above this median.

• Angel Avenue: Rs 450 per sq.ft (2024)
• Amman Kovil Street: Rs 250 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Anthoniyarpuram: Rs 200 per sq.ft (2024)
• Anthoniyar Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Angel Town

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Angel Town?

Angel Town falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirupanthiyoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property registration. Ensuring that these values are accurately reflected in the transaction is vital for a smooth registration process.

Frequently asked questions

What is the current guideline value of Angel Town?

The current guideline value of Angel Town is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft since the 2012 revision, with a significant increase of 50% from Rs 301 per sq.ft in 2017. There was no change from 2023 to 2024.

What is the land classification of Angel Town?

Angel Town is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Angel Town?

For a property valued at Rs 4,50,000, the stamp duty is Rs 31,500, and the registration fee is Rs 9,000, totaling Rs 40,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Angel Town?

Angel Town is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.