Guideline Value for BYPASS ROAD (MUNGIL UDAYAR THIRUMANAMANDAPAM VARAI)

Bypass Road (Mungil Udayar Thirumanamandapam Varai) guideline value

The current guideline value for Bypass Road (Mungil Udayar Thirumanamandapam Varai) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Special Type - V.

How the guideline value of Bypass Road (Mungil Udayar Thirumanamandapam Varai) has changed

The guideline value for Bypass Road has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. The 2023 revision brought the value back to Rs 3,000 per sq.ft, and the most recent revision in 2024 increased it to Rs 3,300 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%, while the value decreased by 33% from 2012 to 2017. The overall change from 2012 to 2024 shows a modest increase of 10%. The jump from 2023 to 2024 is a 10% rise, indicating a steady adjustment in the guideline value.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Bypass Road (Mungil Udayar Thirumanamandapam Varai) above this median.

• Cheran Street: Rs 550 per sq.ft (2024)
• Bhavani Nagar: Rs 879 per sq.ft (2024)
• Cholan Street: Rs 550 per sq.ft (2024)
• Bethar Street: Rs 550 per sq.ft (2024)
• Bala Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Dharmalingam Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bypass Road (Mungil Udayar Thirumanamandapam Varai)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bypass Road (Mungil Udayar Thirumanamandapam Varai)?

The Sub Registrar Office that covers Bypass Road (Mungil Udayar Thirumanamandapam Varai) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is registered, the guideline value helps in calculating the applicable charges. Buyers should be aware that the stamp duty is charged based on either the guideline value or the sale price, whichever is higher, ensuring that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Bypass Road?

The current guideline value for Bypass Road (Mungil Udayar Thirumanamandapam Varai) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

In recent years, the guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, with notable revisions in 2023 and 2024 reflecting a 10% increase.

What is the median guideline value in Periyakuppam?

The median guideline value for streets in Periyakuppam is Rs 1,100 per sq.ft, with Bypass Road (Mungil Udayar Thirumanamandapam Varai) being above this median.

What are the stamp duty rates for property in Bypass Road?

The stamp duty for property in Bypass Road is 7%, calculated on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000.

Where is the Sub Registrar Office for Bypass Road located?

The Sub Registrar Office covering Bypass Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.