Guideline Value for Chinna Street

Chinna Street guideline value

The current guideline value of Chinna Street in Thirumanikuppam village is Rs 130 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Chinna Street has changed

The guideline value for Chinna Street has undergone several revisions over the years. The 2012 revision set the value at Rs 125 per sq.ft, which then decreased to Rs 84 per sq.ft in the 2017 revision, marking a decline of 33%. However, the subsequent revisions saw significant increases, with the 2023 revision raising the value to Rs 126 per sq.ft, a 50% increase from 2017. The most recent 2024 revision has further increased the guideline value to Rs 130 per sq.ft, reflecting a 3% rise from the previous year.

It is important to note that there are no figures available for Chinna Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 4%.

Guideline values in Thirumanikuppam

In Thirumanikuppam, there are 15 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 130 to Rs 200 per sq.ft. The median guideline value in the village is Rs 181 per sq.ft, positioning Chinna Street's 2024 figure below this median.

• Irular Colony: Rs 130 per sq.ft (2024)
• Kannikapuram: Rs 130 per sq.ft (2024)
• K K Nagar: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street: Rs 130 per sq.ft (2024)
• Perumal Kovil Street: Rs 181 per sq.ft (2024)
• Ponniamman Kovil Street: Rs 155 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value would be Rs 1,30,000. The stamp duty at 7% would amount to Rs 9,100, and the registration fee at 2% would be Rs 2,600, bringing the total charges to Rs 11,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chinna Street?

The Sub Registrar Office that covers Chinna Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Thirumanikuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Chinna Street?

The current guideline value of Chinna Street is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the value increasing from Rs 125 per sq.ft in 2012 to Rs 130 per sq.ft in 2024, reflecting an overall increase of 4% over this period.

What are the stamp duty rates for properties in Chinna Street?

The stamp duty for properties in Chinna Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chinna Street?

The Sub Registrar Office for Chinna Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the median guideline value in Thirumanikuppam?

The median guideline value in Thirumanikuppam is Rs 181 per sq.ft, with Chinna Street's 2024 figure being below this median.