Guideline Value for SHOZHINGANALLUR CO OPERATIVE MAHA NAGAR

Shozhinganallur Co Operative Maha Nagar guideline value

The current guideline value of Shozhinganallur Co Operative Maha Nagar is Rs 1,600 per sq.ft. This area is located in Thazhampoor village and falls under the Thiruporur SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of Shozhinganallur Co Operative Maha Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. However, in the 2017 revision, this value decreased to Rs 1,072 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 1,600 per sq.ft, reflecting a 49% rise from the 2017 figure.

Overall, when comparing the guideline values from 2012 to 2023, there has been no change, maintaining the value at Rs 1,600 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2024 have no figures available for this street.

Guideline values in Thazhampoor

Currently, there are no specific village figures provided for Thazhampoor. Shozhinganallur Co Operative Maha Nagar is the only street mentioned under the Thiruporur SRO.

Stamp duty and registration fee for property in Shozhinganallur Co Operative Maha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shozhinganallur Co Operative Maha Nagar?

The Thiruporur Sub Registrar Office covers Shozhinganallur Co Operative Maha Nagar. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thazhampoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a buyer or seller approaches the Thiruporur SRO for registration, the guideline value will be referenced to calculate the necessary fees. This ensures that the transaction is compliant with local regulations and that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Shozhinganallur Co Operative Maha Nagar?

The current guideline value of Shozhinganallur Co Operative Maha Nagar is Rs 1,600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, followed by an increase back to Rs 1,600 per sq.ft in 2023. Overall, from 2012 to 2023, there has been no net change.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. Duty is calculated on the higher of the guideline value or sale price.

Which office should I approach for property registration in this locality?

The Thiruporur Sub Registrar Office is responsible for property registration in Shozhinganallur Co Operative Maha Nagar. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Thazhampoor with guideline values?

No specific guideline values are provided for other streets in Thazhampoor. Currently, Shozhinganallur Co Operative Maha Nagar is the only street mentioned under the Thiruporur SRO.