Guideline Value for Fathima Street

Fathima Street guideline value

The current guideline value of Fathima Street in Thirupanthiyoor village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - II.

How the guideline value of Fathima Street has changed

Over the years, the guideline value for Fathima Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision recorded a lower value of Rs 268 per sq.ft, indicating a decrease of 33% from the 2012 figure. From 2017 to 2023, there was an increase of 49%, bringing the value back to Rs 400 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2024, the overall guideline value has remained stable at Rs 400 per sq.ft, indicating no change during this period. This consistency reflects the current valuation in the context of the revisions from previous years.

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. The median guideline value for these streets is Rs 350 per sq.ft, placing Fathima Street's 2024 figure above this median.

• Gandhi Nagar: Rs 400 per sq.ft (2024)
• Don Bosco Avenue: Rs 700 per sq.ft (2024)
• Hemanth Nagar: Rs 200 per sq.ft (2024)
• Ideal Form And Resorts: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 200 per sq.ft (2024)
• Indhira Nagar Main Road: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Fathima Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Fathima Street?

The Sub Registrar Office that covers Fathima Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Thirupanthiyoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at an appropriate value, as per government regulations.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the stamp duty and registration fees payable during the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Fathima Street?

The current guideline value of Fathima Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a previous decrease to Rs 268 per sq.ft in 2017. There were no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification for Fathima Street?

Fathima Street is classified as Residential Special Type - II under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for properties in Fathima Street?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations for Fathima Street?

The Sunguvarchattram Sub Registrar Office handles property registrations for Fathima Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.