Guideline Value for SIRU THONDAN STREET

Siru Thondan Street guideline value

The current guideline value of Siru Thondan Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO, classified as Commercial Class I Type - III.

How the guideline value of Siru Thondan Street has changed

The guideline value for Siru Thondan Street has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 125 per sq.ft. This value increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 940%. However, it then decreased by 33% to Rs 871 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,300 per sq.ft, and the same value has been retained in the 2024 revision, showing no change from the previous year.

There are no recorded figures for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 940%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 1,000 per sq.ft, placing Siru Thondan Street's value above this median.

• Shanmuga Padmavathi Nagar Phase-III: Rs 1,300 per sq.ft (2024)
• Shanmuga Padmavathi Nagar Phase-I: Rs 1,300 per sq.ft (2024)
• Shanmuga Padmavathi Nagar: Rs 1,300 per sq.ft (2024)
• Sozhan Street: Rs 1,300 per sq.ft (2024)
• Seran Street: Rs 1,300 per sq.ft (2024)
• Sengalvarayan Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Siru Thondan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siru Thondan Street?

The Sub Registrar Office that covers Siru Thondan Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

You can find your SRO for more details.

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

When buying or selling property in Vengathur, the guideline value is a critical factor in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Siru Thondan Street?

The current guideline value of Siru Thondan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 125 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreasing to Rs 871 per sq.ft in 2017, and returning to Rs 1,300 per sq.ft in 2023 and 2024.

What are the other streets in Vengathur with similar guideline values?

Other streets in Vengathur with a guideline value of Rs 1,300 per sq.ft in 2024 include Shanmuga Padmavathi Nagar Phase-III, Phase-I, Shanmuga Padmavathi Nagar, Sozhan Street, and Seran Street.

What is the stamp duty rate for properties in Siru Thondan Street?

The stamp duty rate for properties in Siru Thondan Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Siru Thondan Street?

The Sub Registrar Office for Siru Thondan Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.