Guideline Value for Old Thirumangalam End Point to 17th Main Road Facing West

Old Thirumangalam End Point to 17th Main Road Facing West guideline value

The current guideline value for Old Thirumangalam End Point to 17th Main Road Facing West is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village, under the AnnaNagar SRO, and is classified as Mixed Type - II land.

How the guideline value of Old Thirumangalam End Point to 17th Main Road Facing West has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 12,000 per sq.ft in 2012. However, it dropped to Rs 8,040 per sq.ft in 2017. Following this decline, the value surged to Rs 12,000 per sq.ft in 2023, and then further increased to the current rate of Rs 13,200 per sq.ft in 2024. The changes from 2017 to 2023 marked a significant increase of 49%, while the jump from 2023 to 2024 was 10%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 20%.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for Old Thirumangalam End Point to 17th Main Road Facing West is above this median.

• NVN Nagar: Rs 4,400 per sq.ft (2024)
• New Colony Street: Rs 3,300 per sq.ft (2024)
• Nehru Nagar 5th Street, K Block West: Rs 11,500 per sq.ft (2024)
• Periyar Nagar: Rs 4,400 per sq.ft (2024)
• Periyar Street: Rs 3,300 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 12,600 per sq.ft (2024)

Stamp duty and registration fee for property in Old Thirumangalam End Point to 17th Main Road Facing West

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, making the total Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Old Thirumangalam End Point to 17th Main Road Facing West?

The Sub Registrar Office that covers Old Thirumangalam End Point to 17th Main Road Facing West is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumangalam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Old Thirumangalam End Point to 17th Main Road Facing West?

The current guideline value for Old Thirumangalam End Point to 17th Main Road Facing West is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, with significant changes in 2017 and 2023. The most notable increase was from Rs 8,040 per sq.ft in 2017 to Rs 12,000 per sq.ft in 2023.

What is the registration fee for property in this area?

The registration fee for property in Old Thirumangalam End Point to 17th Main Road Facing West is calculated as 2% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 2,64,000 based on the current guideline value.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office is near the Nolambur Eb Office.

What is the significance of the guideline value?

The guideline value is important as it sets the minimum price for property registration and helps determine the stamp duty and registration fees. It ensures that transactions are conducted fairly and transparently in accordance with local regulations.