Guideline Value for SriDurgaiamman Kovil Street

SriDurgaiamman Kovil Street guideline value

The current guideline value for SriDurgaiamman Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirumangalam village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of SriDurgaiamman Kovil Street has changed

The guideline value for SriDurgaiamman Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, the value increased significantly from Rs 268 per sq.ft to Rs 400 per sq.ft, marking a 49% rise. The 2024 revision again maintains the value at Rs 400 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure shows no change, as both are set at Rs 400 per sq.ft.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 605 per sq.ft, indicating that SriDurgaiamman Kovil Street's 2024 figure is below this median.

• SriBalaji Nagar: Rs 600 per sq.ft (2024)
• Small Street: Rs 605 per sq.ft (2024)
• Sagaya Avenue: Rs 600 per sq.ft (2024)
• Thiruvallur Road(Annai Velanganni Nagar First Street to Kandigai): Rs 2,000 per sq.ft (2024)
• Thiruvallur Road (Sunguvar Chatram Bus Stop To Palkarar Street): Rs 2,000 per sq.ft (2024)
• Thiruvallur Road (Sunguvar Chatram Bus Stop To Vasuki Thirumana Mahal): Rs 1,750 per sq.ft (2024)

Stamp duty and registration fee for property in SriDurgaiamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers SriDurgaiamman Kovil Street?

The Sub Registrar Office that covers SriDurgaiamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thirumangalam, as it determines the minimum value on which stamp duty and registration fees are calculated. When a property is bought or sold, the guideline value is used to assess the tax obligations, ensuring compliance with local regulations.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. In such cases, the higher value will be used to calculate the applicable duties and fees, ensuring that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of SriDurgaiamman Kovil Street?

The current guideline value of SriDurgaiamman Kovil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 400 per sq.ft in both 2023 and 2024. The value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, a 49% rise.

What is the land classification for SriDurgaiamman Kovil Street?

SriDurgaiamman Kovil Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for SriDurgaiamman Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.