Guideline Value for THALAPATHI SIVARAJ STREET

Thalapathi Sivaraj Street guideline value

The current guideline value of Thalapathi Sivaraj Street is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village under the Pallipattu SRO, classified as Residential Class V Type - II.

How the guideline value of Thalapathi Sivaraj Street has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, representing a significant change of 49%. The most recent revision in 2024 raised the value to Rs 102 per sq.ft, marking a 2% increase from the previous year.

The guideline value for Thalapathi Sivaraj Street has seen an overall increase of 52% from the 2017 revision to the 2024 revision. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value in this area is Rs 350 per sq.ft, placing Thalapathi Sivaraj Street's 2024 figure below that median.

• Theridistreet Santhu: Rs 300 per sq.ft (2024)
• Subramaniya Nagar: Rs 600 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 350 per sq.ft (2024)
• Vaniyar Street: Rs 500 per sq.ft (2024)
• Sholighur Road: Rs 500 per sq.ft (2024)
• West Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Thalapathi Sivaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, resulting in a total of Rs 9,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thalapathi Sivaraj Street?

The Sub Registrar Office covering Thalapathi Sivaraj Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Pudupet. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the official rates set by the authorities.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it influences the financial obligations associated with the transaction. The registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thalapathi Sivaraj Street?

The current guideline value of Thalapathi Sivaraj Street is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 67 per sq.ft to Rs 102 per sq.ft in 2024, reflecting a total increase of 52% over this period.

What is the guideline value for other streets in Pudupet?

The guideline values for other streets in Pudupet range from Rs 102 to Rs 600 per sq.ft, with the median being Rs 350 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value.

Where can I find the Sub Registrar Office for Thalapathi Sivaraj Street?

The Sub Registrar Office for Thalapathi Sivaraj Street is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more information by visiting the provided link.