Guideline Value for Sirumalar street

Sirumalar street guideline value

The current guideline value of Sirumalar street in Thirupanthiyoor village is Rs 350 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Sirumalar street has changed

Over the years, the guideline value for Sirumalar street has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision recorded a decrease to Rs 234 per sq.ft, which was a drop of 33% from the previous figure. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 350 per sq.ft.

The current guideline value of Rs 350 per sq.ft has remained consistent through the 2023 and 2024 revisions, reflecting no change between these two years. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which is the same as the guideline value for Sirumalar street.

• SelvaGanapathy Nagar: Rs 350 per sq.ft (2024)
• Sebastian Avenue: Rs 200 per sq.ft (2024)
• Saveriayar Street: Rs 350 per sq.ft (2024)
• Sagayamatha street: Rs 350 per sq.ft (2024)
• Royal City: Rs 700 per sq.ft (2024)
• Susaiappar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sirumalar street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, resulting in a total of Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sirumalar street?

The Sub Registrar Office that covers Sirumalar street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Thirupanthiyoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sirumalar street?

The current guideline value of Sirumalar street is Rs 350 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 350 per sq.ft from 2012 to 2024, with a decrease to Rs 234 per sq.ft in 2017 and an increase of 50% from 2017 to 2023.

What is the median guideline value for streets in Thirupanthiyoor?

The median guideline value for the 53 streets in Thirupanthiyoor is Rs 350 per sq.ft, which is the same as the guideline value for Sirumalar street.

Where can I find the Sub Registrar Office for Sirumalar street?

The Sub Registrar Office for Sirumalar street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Sirumalar street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 at a rate of 7%.