Guideline Value for THALAMUTHU NATARAJAN SALAI (WARD -8)

Thalamuthu Natarajan Salai (Ward -8) guideline value

The current guideline value of Thalamuthu Natarajan Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Thalamuthu Natarajan Salai (Ward -8) has changed

The guideline value for Thalamuthu Natarajan Salai has seen several revisions over the years. In 2012, the value was Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017, marking a decline of 33%. The 2023 revision brought the value back up to Rs 1,600 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 figure to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are a total of 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Thalamuthu Natarajan Salai's 2024 figure above that median.

• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thaniskeyar (Per): Rs 1,320 per sq.ft (2024)
• Swamy Nagar (Kr): Rs 661 per sq.ft (2024)
• Thembavani Street (N): Rs 1,320 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 661 per sq.ft (2024)
• Surendrapuram (N): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Thalamuthu Natarajan Salai (Ward -8)

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. 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 Thalamuthu Natarajan Salai (Ward -8)?

The Sub Registrar Office covering Thalamuthu Natarajan Salai (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Peramanoor, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration process.

When a property is registered, the guideline value serves as a benchmark to assess the property's worth, ensuring that the transaction is conducted at a legally recognized value. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Thalamuthu Natarajan Salai (Ward -8)?

The current guideline value of Thalamuthu Natarajan Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the classification of land in Thalamuthu Natarajan Salai?

The land classification for Thalamuthu Natarajan Salai is Residential Special Type - III. This classification is important for understanding the permissible uses of the property.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Thalamuthu Natarajan Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at a rate of 7%.