Guideline Value for Main Road

Main Road guideline value

The current guideline value of Main Road in Thandalam village, under the Sriperumpudur SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Main Road has changed

Over the years, the guideline value of Main Road has undergone several revisions. The earliest available revision is from 2012, which set the value at Rs 700 per sq.ft. In 2017, the value decreased to Rs 469 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 700 per sq.ft. The 2024 revision maintains this value at Rs 700 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 revision to the 2024 revision is 0%.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Main Road is above this median.

• Mariyamman Koil Street: Rs 505 per sq.ft (2024)
• Kulakkarai Street: Rs 300 per sq.ft (2024)
• Keevalore Road: Rs 505 per sq.ft (2024)
• Pallikuda Street: Rs 300 per sq.ft (2024)
• Iyra Anandham: Rs 1,750 per sq.ft (2024)
• High School Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, these fees total Rs 63,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Main Road?

The Sub Registrar Office that covers Main Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process for property transactions in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Main Road?

The current guideline value of Main Road in Thandalam village is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2012 to 2024, but it decreased to Rs 469 per sq.ft in 2017 before increasing back to Rs 700 per sq.ft by 2023.

What is the land classification for Main Road?

Main Road is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Main Road?

The Sub Registrar Office for Main Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Thandalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.